Bank of America

Citigroup, Bank of America Announce ATM Instant Equity Exchange Program

By admin - Posted on March 4th, 2009

Tagged:

Business
ATM
Bank of America
banking
Citigroup
consumers
innovations

New York, April 6, 2009 -- Citigroup (NYSE: C) and Bank of America (NYSE: BAC) today jointly announced the launch of an innovative program, dubbed ATM Instant Equity Exchange, under which the two banks will commence dispensing stock vouchers rather than cash from ATMs under their control. Wells Fargo (NYSE: WFC) is expected to sign on to the program later in the week.

Citibank, co-founder of the AIEE! program: Photo (CC) Ed Yourdon.