The Chicago Transit Board approved an agreement with PNC Bank to install 65 new automated teller machines (ATMs) in rail stations, expanding the number of ATMs already in CTA stations and increasing convenience to customers.
“Increasing the number of ATMs at our train stations is part of our ongoing commitment to improving our customers’ commuting experience,” said CTA President Forrest Claypool. “In addition, the ATMs and other concessions the CTA continues to add to rail stations provide additional revenue sources to the agency, which ultimately benefits customers.”
Under the agreement, PNC will pay a fixed rate amount of rent and a percentage of transaction sales to the CTA and a monthly electric charge. The five-year agreement is estimated to generate $5.2 million.
"We are always looking for meaningful ways make banking more convenient," said Ina Stewart-Murray, PNC retail manager in Chicago.
In addition to the new PNC ATMs, PNC currently has an additional 15 ATMs already installed in CTA train stations.
Including the new ATMs, the CTA will have a total 154 ATMs. Last year revenue from ATMs generated $1.4 million for the agency.