Wells Fargo
customers will soon be able to access their accounts at ATMs via their smartphones. Wells Fargo plans to update all 13,000 of its ATMs in the U.S. next week, completing a pilot that’s been in the testing phase for more than a year.
The ATMs will grant access to accounts and cash through the Wells Fargo mobile app. The smartphone-based app will generate an 8-digit code, which the customer will then need to enter into the ATM. The ATMs will continue to support traditional bank cards.
Wells Fargo plans to add support for NFC, negating the need for the 8-digit code, later this year. NFC-enabled ATMs will allow people to access their account by holding their phone against a reader on the ATM, similar to Apple Pay or Android Pay.
JPMorgan Chase and Bank of America have similar pilots in testing, but they have yet to announce deployment plans.
