Allpoint Network Key to Fifth Third Bank Transformation
New approach to meeting cash demand for Fifth Third Bank
HOUSTON, July 19, 2016
– Fifth Third Bancorp
, the 15th-largest U.S. bank holding company with $106 billion in total deposits, has joined Allpoint Network
, the world’s largest surcharge-free ATM network, with 55,000 ATMs across the United States and beyond.
The footprint, form and function of banking is evolving. Customers need always-on access to banking services. The Allpoint-Fifth Third partnership enables Fifth Third to meet consumer demand for easy access to cash.
Allpoint Network ATMs – conveniently placed in premier retailer locations – are within Fifth Third’s branch footprint, as well across the nation from Southern California to New England, making cash access quick and easy for Fifth Third customers.
In the Greater Cincinnati Metro Area, for example, Allpoint adds more than 300 surcharge-free ATMs to Fifth Third’s network, featuring the increased convenience of locations including Target, Walgreens and CVS/pharmacy stores, as well as select convenience and grocery stores and many other businesses.
Chad Borton, head of the Consumer Bank and executive vice president, Fifth Third Bancorp said:
“We aim to enable seamless and easy interactions with Fifth Third, regardless of where our customers are and when they need us. This ATM network expansion fulfills on that by giving customers the opportunity to withdraw cash where and when it’s convenient for them.”
Bill Knoll, executive vice president and managing director, Allpoint commented:
“Branch transformation is here and well underway because the consumer has decided that on-demand and convenience are very important to them. Allpoint Network was designed with this self-service era of banking in mind, and we’ve assembled an unrivaled roster of premier retail partners to ensure that Allpoint ATMs already are where account holders want to be.”
Melissa Stevens, Chief Digital Officer and head of omnichannel banking, Fifth Third Bancorp added:
“Fifth Third has embarked on a digital transformation to engage with our customers where they want us; whether it’s checking balances, transferring money, or getting cash, we aim to make things easy for our customers. This ATM network expansion provides more convenient access to our customers.”
About About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2016, had $303 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.
Allpoint Network is the largest surcharge-free ATM network with more than 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com
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. Allpoint Network is a wholly-owned subsidiary of Cardtronics plc
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