CHICAGO (MarketWatch) — 7-Eleven Inc. and Citibank said Tuesday that they will offer free ATMs for Citibank’s customers at more than 5,500 7-Eleven stores.
The Dallas-based retailer, the country’s largest chain of convenience stores, said its ATMs will now be Citibank-branded and surcharge-free for Citibank customers.
7-Elevent also aims to attract customers making bank deposits to its stores, beginning with Citibank clients, the retailer said.
Customers who don’t bank with the Citigroup
retail bank will still be able to get cash from the machines for a typical surcharge of $1.50 to $2 per transaction, a spokeswoman said.
“By partnering with 7-Eleven, we’re increasing our ATM locations fivefold,” said Maura Markus, president of Citibank North American, according to a press release.
7-Eleven has expanded its offerings well beyond the traditional coffee, doughnuts and newspapers in recent years, stocking additional items and adding new services.
The convenience-store chain is even willing to cash tax-season checks from H&R Block as well as from the government.
For the second year, H&R Block clients can cash what the accounting agency calls cash-anticipation checks at more than 1,100 7-Eleven stores.
The retailer offers check cashing for tax-refund checks and other government checks, as well as payroll checks, through what’s called a Vcom — or virtual commerce — kiosk. The self-service machines also offer ATM functions, money orders, bill payment and money-transfer transactions.
View more information: https://www.marketwatch.com/story/7-eleven-to-offer-free-atms-for-citibank-customers