February 13, 2017
Chicago Citibank customers can now go to Walgreens stores and get money from the Citibank ATMs, which are replacing the Chase ATMs.
Chase announced last year that it would sell a majority of its off-site ATMs to ATM operator Cardtronics. This included the 442 ATMs that are located in Chicago-area Walgreens stores.
An agreement between Cardtronics and Citi was recently reached, and Citi will assume control over ATMs at nearly 1,000 Walgreens and Duane Reade pharmacy stores in and around the Chicago and New York City areas.
The agreement between the two also includes 900 Citibank ATMs located at Costco stores around the nation - Chicago, New York, San Francisco, Los Angeles, Washington, D.C., and Miami. It also includes CVS stores in San Francisco, Miami and Los Angeles and Target stores in Washington D.C. and New York.
Cardtronics has already started to change out the Chase ATMs to Citibank in Chicago, which the company expects to be complete by spring. With the agreement, ATMs in most Target, CVS, Costco and Walgreens will be free for Citi customers to use even though they won't be branded.
The deal provides Citi customers with another 30,000 surcharge-free ATMs to be used.
Citi's Head of Retail Banking Will Howle said adding more surcharge-free ATMs makes it easier for their customers to address their banking needs.
Cardtronics is still the owner and operators of the Citi ATMs.
In just Chicago, Citibank is fifth in the deposit market share with approximately 60 branches. The Federal Deposit Insurance Group said Bank of America, Chase, Northern Trust and BMO Harris Bank surpass Citi.