Northern Trust, a leading provider of personal financial services for affluent individuals and families, has joined Allpoint Network to expand its ATM presence and provide its customers with surcharge-free ATM access nationwide.
By joining Allpoint, Northern Trust will add 32,000 surcharge-free ATMs at convenient retailers such as Target, Costco, Walgreens, and CVS.
"We are very excited about Northern Trust joining the Allpoint Network," said Ben Psillas, President of Allpoint. "Northern Trust continues to be an industry leader having been named Best Private Bank in the U.S. by Euromoney for 2007, as well as having been listed among Fortune's Most Admired Companies. In joining Allpoint, Northern Trust continues to provide its customers with unparalleled service."
"As we continue to expand our national presence of 85 office locations, we are pleased to now offer clients even more convenience for their banking needs. The additional ATM locations will provide more clients 24 hour access to their accounts with no surcharge fee," said Donald Berk, Northern Trust senior vice president of Enterprise Banking Product and Process Management.
With more than 32,000 surcharge-free ATMs coast to coast, Allpoint provides members with greater access, convenience, and savings at leading retailers. Participation in Allpoint offers card issuers access to a nationwide physical distribution channel at a fraction of the cost of building and maintaining their own networks.
Allpoint's unique membership structure makes it very simple for a financial institution to join and even easier for its customers to use. Joining Allpoint provides the following benefits:
- Member financial institution ATMs do not participate
- Card reissuance or processor conversion is not required
- Card-based pricing provides cost-effective and predictable cost structure
Allpoint complements any card-issuer's current membership in other surcharge-free networks.