During one of Google I/O’s many Android Pay sessions, Bank of America took the stage to announce that they are now supporting Google’s mobile payment service at their cardless ATMs. That means you can use Android Pay, assuming it is loaded up with your Bank of America card, to withdraw cash.
BofA says that they expect to expand the cardless technology to 5,000 ATMs by the end of the year, but not before they push out an initial 2,400 across the country. They also will equip the “majority” of ATMs in the San Francisco Bay and Silicon Valley areas with the technology.
But not only can you withdraw cash using Android Pay and your phone, you can check balances and make transfers as well. All of this is a first for any bank in the US.
The future is here.
Bank of America Cardless ATM Technology Featured at Google IO Conference
Bank Expands Cardless ATM Technology to 5,000 ATMs Nationwide in 2016
SAN FRANCISCO – At the Google IO conference in Mountain View today, Michelle Moore, Head of Digital Banking at Bank of America, was on stage with Pali Bhat, Senior Director of Android Pay to demonstrate that the Bank of America cardless ATM technology now supports Android Pay. The bank also announced plans to expand cardless technology to 5,000 ATMs by year-end starting this month with a roll out to 2,400 ATMs across the country, including the majority of ATMs in the San Francisco Bay and Silicon Valley areas.
Bank of America becomes the first bank to begin a broad roll out of the technology, which lets customers withdraw cash, make transfers and check balances using a digital wallet stored on their smartphones. Earlier this year, the bank rolled out the feature to select ATMs in Boston, Charlotte, New York City, San Francisco and Silicon Valley.
“Consumers are increasingly using their mobile devices to manage their daily lives, and we’re committed to delivering solutions that give them convenient and secure options when it comes to managing their money,” said Moore. “Now in addition to using digital wallets for purchases, customers can use them to get cash at the ATM.”
Cardless ATMs allow customers to access most features of Bank of America’s ATMs. Customers can identify cardless-enabled ATMs by the contactless symbol near the card reader. When ready to perform a transaction, the customer will select their Bank of America debit card in their digital wallet and hold their device over the ATM’s contactless card reader to activate the ATM. Then they follow the normal process to enter their PIN, select their account and initiate a withdrawal, transfer, or balance inquiry.
The cardless ATMs support mobile wallets that are enabled with near field communications and loaded with a Bank of America debit card.
Cardless ATMs are one more example of the ongoing shift to mobile. Twenty million Bank of America customers now actively use the bank’s mobile banking app. During the first quarter of 2016, the number of new Bank of America accounts opened through mobile increased by 50 percent year-over-year.
More information about cardless ATMs is available here.
I’m a bartender… I use an ATM maybe once a year… usually in a strip club….
This feature is a missed opportunity – you still have to enter the PIN. Why is it necessary if you have a fingerprint reader? This could have been really cool and a time saver – getting rid of the lame PIN.
In other news: People still withdraw cash!
Lots of small shops and especially at places like fairs and local events, are cash only.
The fees that these small business pay is outrageous.
Exactly, or they take checks and cash but I don’t want to ‘spend’ money on a check to buy food when I could just use cash instead.
Nice
This may be the nail in the coffin for dumping chase.
And here I am waiting for ATMs that give bills other than $20s
With my BECU account I have the option to get $100’s, 20’s and I think $50’s and I only of only 1 Chase ATM where you can get your money in $5 denominations
The future baby!
Bank of America replaced the ATM near my house a few months ago. I saw the NFC symbol, but never tried it. Now I need to try it.
COME ON CHASE!!!!
Chase is f*cking up.
what’s a cash?
The scary thing is that you likely aren’t far off with this statement.
i avoid withdrawing and taking out cash as much as i can. really only withdraw when i travel. i like tracking my spending with mint and i am forced to rely on memory when i spend cash vs my linked accounts/cards. also, my city’s downtown has a lack of credit union atm’s so less atm visits the better.
Same. I don’t like having cash on me. Always good to save a bit in a safe place in case there ever is a run on the banks.
Mint is terrible at updating your accounts and they are always having connection issues with one of my banks
They beat Chase to imprint app compatibility and now this. The future is here.
Enjoy your proprietary payment crap that will go the way of ISIS… I mean SoftCard
Don’t you mean CurrentC?
They all blend together now… I’m just bitter that my chase CC that I had on wallet didn’t come over to Android Pay and they aren’t adding support for it because they want to eventually push their own mobile payment.
Samsung Pay, sorry I don’t feel your pain lol
Samsung Pay is the stop gap until magnetic readers are gone which will eventually happen. It’s only a matter of time. Where’s Bada?? Tizen??
Samsung Pay also supports the NFC
I know that feel bro.
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