Arrow's Banks Join Allpoint ATM Network, Expanding Access to More Than 50,000 ATMs Worldwide
Arrow Financial (AROW) has announced that its banking subsidiaries, Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company, have joined the Allpoint ATM Network. This partnership provides customers with access to over 50,000 ATMs worldwide, including locations in popular retail stores and pharmacy chains. Customers can make surcharge-free withdrawals and cash deposits up to $200 at select Allpoint ATMs without any additional registration required. The move aims to enhance customer convenience by expanding ATM accessibility beyond traditional bank branches.
Arrow Financial (AROW) ha annunciato che le sue filiali bancarie, Glens Falls National Bank and Trust Company e Saratoga National Bank and Trust Company, si sono unite al Allpoint ATM Network. Questa partnership offre ai clienti l'accesso a oltre 50.000 sportelli automatici in tutto il mondo, comprese le sedi in negozi al dettaglio e catene di farmacie popolari. I clienti possono effettuare prelievi e depositi in contante fino a $200 presso selezionati sportelli Allpoint senza alcun costo aggiuntivo e senza necessità di registrazione. Questa iniziativa mira a migliorare la comodità per i clienti ampliando l'accessibilità degli sportelli automatici oltre le tradizionali filiali bancarie.
Arrow Financial (AROW) ha anunciado que sus subsidiarias bancarias, Glens Falls National Bank and Trust Company y Saratoga National Bank and Trust Company, se han unido a la Allpoint ATM Network. Esta asociación proporciona a los clientes acceso a más de 50.000 cajeros automáticos en todo el mundo, incluidos lugares en tiendas minoristas populares y cadenas de farmacias. Los clientes pueden hacer retiros y depósitos en efectivo de hasta $200 en cajeros seleccionados de Allpoint, sin cargos adicionales y sin necesidad de registro. Este movimiento tiene como objetivo mejorar la conveniencia del cliente al ampliar la accesibilidad de los cajeros más allá de las sucursales bancarias tradicionales.
Arrow Financial (AROW)는 자사의 은행 자회사인 Glens Falls National Bank and Trust Company와 Saratoga National Bank and Trust Company가 Allpoint ATM Network에 가입했다고 발표했습니다. 이 파트너십은 고객에게 전 세계 50,000개 이상의 ATM에 접근할 수 있는 기회를 제공하며, 인기 소매점 및 약국 체인에 위치한 매장도 포함됩니다. 고객은 선택된 Allpoint ATM에서 추가 등록 없이 최대 $200까지 수수료 없는 인출 및 현금 입금을 할 수 있습니다. 이 조치는 전통적인 은행 지점을 넘어 ATM 접근성을 확장하여 고객의 편의를 증대시키는 것을 목표로 하고 있습니다.
Arrow Financial (AROW) a annoncé que ses filiales bancaires, Glens Falls National Bank and Trust Company et Saratoga National Bank and Trust Company, ont rejoint le Allpoint ATM Network. Ce partenariat offre aux clients l'accès à plus de 50.000 distributeurs automatiques de billets dans le monde, y compris des emplacements dans des magasins de détail populaires et des chaînes de pharmacies. Les clients peuvent effectuer des retraits sans frais et des dépôts en espèces jusqu'à 200 $ dans certains distributeurs Allpoint sans aucune inscription supplémentaire requise. Cette initiative vise à accroître la commodité des clients en élargissant l'accessibilité des DAB au-delà des agences bancaires traditionnelles.
Arrow Financial (AROW) hat angekündigt, dass seine Banktochtergesellschaften, Glens Falls National Bank and Trust Company und Saratoga National Bank and Trust Company, dem Allpoint ATM-Netzwerk beigetreten sind. Diese Partnerschaft bietet den Kunden Zugang zu über 50.000 Geldautomaten weltweit, darunter Standorte in beliebten Einzelhandelsgeschäften und Apothekenketten. Kunden können an ausgewählten Allpoint-Geldautomaten kostenlose Abhebungen und Bargeldeinzahlungen von bis zu 200 USD ohne zusätzliche Registrierung vornehmen. Dieser Schritt zielt darauf ab, den Komfort der Kunden zu verbessern, indem die Zugänglichkeit von Geldautomaten über traditionelle Bankfilialen hinaus erweitert wird.
- Expanded customer access to over 50,000 ATMs worldwide
- No additional fees for customers using Allpoint ATMs
- Enhanced service offering with cash deposit capability up to $200
- Increased convenience through retail location accessibility
- Cash deposits to $200 at select ATMs
Insights
This partnership with Allpoint represents a strategic move to enhance Arrow Financial's competitive position in retail banking. By expanding their ATM network from local branches to over 50,000 locations, they're effectively competing with larger national banks in terms of convenience and accessibility. The zero-fee withdrawals and deposit capabilities at select ATMs should help reduce operational costs while improving customer satisfaction.
This development could positively impact customer retention and potentially attract new depositors, particularly younger demographics who prioritize convenience and digital banking solutions. However, the financial impact is likely to be modest as ATM fees typically represent a small portion of bank revenues. The partnership suggests a broader digital transformation strategy to stay competitive in an evolving banking landscape.
With this new partnership, customers no longer need to rely solely on bank branch ATMs to make simple withdrawals without incurring fees. Through the Allpoint Network, customers can now access ATMs in more locations where they already shop, including popular big-box stores and pharmacy chains. Additionally, accessing cash while traveling will be easier than ever before.
"We are thrilled to offer our customers the added convenience of the Allpoint ATM Network," said Marc Yrsha, Senior Executive Vice President, Chief Banking Officer of Arrow Financial Corporation. "We remain committed to delivering innovative solutions that simplify and improve the financial lives of our customers."
One of the key advantages of this partnership is that customers do not need to sign up or take any additional steps to use these ATMs. To make a withdrawal without a surcharge, customers simply need to locate any Allpoint ATM. Customers can also make cash deposits of up to
To find the nearest Allpoint ATM, customers can visit the company's website at allpointnetwork.com and search for ATM locations by ZIP code.
About The Arrow Family of Companies:
The Arrow Family of Companies includes Glens Falls National Bank and Trust Company, Saratoga National Bank and Trust Company and Upstate Agency, LLC. They are all part of Arrow Financial Corporation, a multi-bank holding company headquartered in
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SOURCE Arrow Financial Corporation
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