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ATM's To Dispense $5 And $1 Bills
by Chris Malone,posted Jan 23 2013 5:31AM
It's looks like the days of only being able to get a $20 bill out of an ATM may be over. Chase and PNC banks say they have begun putting $5 and $1 bills in certain ATM's aimed at their customers (those out-of-network fees are ridiculous!).
Chase has put somewhere between 350 and 400 such machines in place over the past 18 months, and that number is expected to double by the end of 2013. PNC has upgraded more than 3,500 of its ATMs to dispense the smaller bills and intends to upgrade the rest of its 7,200 machines over the summer.
The changes, according to the banks, are meant to move away from the traditional teller model so transactions can be streamlined and customers can get what they need from ATMs.
Perhaps more banks will adopt this practice. I only wish it was a few years ago in my leaner fiscal days when I had less than $20 in the ATM and could access a penny!