NEW YORK (AP) – Wells Fargo plans to upgrade all 13,000 of its ATMs next week to allow customers to access their funds using cellphones instead of their usual bank cards.
While banks like JPMorgan Chase and Bank of America have announced similar upgrades to their ATMs, those are still in only certain markets. Wells would be the first to upgrade all of its ATMs with the feature across the United States.
The announcement was made by CEO Tim Sloan at a Wells Fargo employee town hall in Orlando on Tuesday.
To access their money, customers would get unique eight-digit codes from their Wells Fargo app, and enter the code into the machine along with their PIN. The machines will still accept debit cards as well.