So far, Fifth Third is one of only a handful of U.S. banks offering card-free ATM access — and it is just the latest innovation from the financial institution.
Last year, Fifth Third partnered with Zelle, a person-to-person mobile payments platform that competes directly PayPal, Square Cash and Venmo.
In addition, the bank announced it is one of a few banks based in the U.S. to offer customers the ability to use all five major mobile payment methods to make purchases.
“Cardless ATM is one more example of our taking time to understand our customers’ needs and working to improve their experience,” Jim Sutton, director of ATM channel and distribution strategy, said. “This means banking when, where and how they want.”
Fifth Third currently operates around 2,500 ATMs in its 10-state retail footprint, all of which will offer card-free access. However, the service is not available on the bank’s partner ATMs.
To use the card-free ATMs, all customers need to do is sign into Fifth Third’s mobile banking app, choose the account from which they want to withdraw money and tap on the new Cardless ATM icon. They can then touch anywhere on an ATM screen and scan the code that appears, enter their PIN and start their banking transaction.