Wells Fargo has introduced 8,000 cardless ATMs across the US, allowing customers to withdraw money using their smartphones, a move towards digital banking.
The bank has added 500 more cardless ATMs, joining other major banks like JPMorgan Chase & Co.
in moving towards cardless transactions.
Wells Fargo customers can use their digital wallets to access ATMs, with availability dependent on mobile carrier coverage areas.
Some ATMs within secure locations may require a physical card for entry, despite the digital wallet access.
Wells Fargo has over 11,000 ATMs across the country, offering customers free access to cash, deposits, and payments.
Customers can save time at the ATM using their contactless card or digital wallet for tap access.
The bank's ATM features allow customers to take a self-guided tour to learn how to use the machines for quick cash deposits, payments, and more.
Wells Fargo customers can request a change to their ATM limit by calling the bank's customer service or visiting a branch.
The bank's ATM withdrawal and deposit limits can be increased by speaking with a banking representative.
Wells Fargo has faced issues with its banking system, resulting in outages and difficulties accessing online banking and ATMs.
The bank has faced scrutiny over its past scandals and has been forced to address concerns over its reputation.
Despite these challenges, Wells Fargo continues to grow and maintain strong credit quality, generating substantial shareholder returns.