IRVING, Texas -- Nearly 8,000 7-Eleven locations will offer Fifth Third Bank customers fee-free cash and account access at ATMs in the United States. ATM provider FCTI Inc. recently completed the installation of new and updated ATMs in U.S. 7-Eleven convenience stores to facilitate easier banking for Fifth Third customers.
"Fifth Third understands that our customers don't want to pay to access their own money. Now when they walk into 7-Eleven stores, they can use the ATM without paying a fee," said Brad Farris, ATM distribution strategy manager for Fifth Third Bank. "We always want to make banking more convenient for our customers and are excited about this new relationship with FCTI."
"Our MBA program offers a unique opportunity for banks to generate greater awareness of brand, products and services—utilizing technologies not available at other ATMs," said Robel Gugsa, CEO for FCTI, Los Angeles. "We are very excited to be working with Fifth Third to help provide their customers surcharge-free ATM access nationwide at 7-Eleven as well as an additional tool for use in the bank's marketing repertoire."
FCTI specializes in advanced ATM placements and operations for financial institutions and retailers. Its patented MBA technology, network partnerships and software developments offer banks, credit unions and businesses marketing, distribution and revenue-generating opportunities through the ATM channel.
Fifth Third Bancorp is a diversified financial services company with headquarters in Cincinnati. As of March 31, 2018, the company had $142 billion in assets and operated 1,153 full-service banking centers and 2,459 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to more than 54,000 fee-free ATMs across the United States.
Irving, Texas-based 7-Eleven operates, licenses or franchises more than 66,000 c-stores globally. The retailer is No. 1 on CSP’s 2018 Top 202 ranking of c-store chains by number of company-owned retail outlets.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.