Citibank Introduces Expanded Brokerage Services at Its ATMs Nationwide

Citibank has recently enabled its investment services customers across the country to buy and sell stocks through its proprietary ATMs, Citicard Banking Centers. This move marks a significant step in the bank's multi-access strategy, which aims to make these centers a powerful tool for its customers. The service allows customers to access their investment portfolios, get real-time quotes, and take direct action on their accounts, leveraging the convenience of checking and savings accounts.

Key Takeaways:

• Citibank is the first bank to offer its customers such broad access to their investment portfolios with the same convenience as checking and savings accounts.
• The service is available at all 1,800 Citi card Banking Centers (CBCs) nationwide.
• Customers can buy and sell stocks, get up-to-the-second quotes, and review and take direct action on their investment portfolios.
• The service is available to Citicorp Investment Service (CIS) and Citigold customers.
• To use the new service, customers dip their card, enter their PIN, and select "Securities -- Not FDIC Insured" from a list of options.
• Customers have the option to block access to their accounts at a CBC, adding an extra layer of security.
• Orders are executed in real-time, with customers receiving a confirmation in the mail after the transaction is completed.

Statistics:

• 1,800 Citicard Banking Centers (CBCs) nationwide offer the expanded brokerage services.
• Citibank claims to be the first bank to offer its customers such broad access to their investment portfolios with the same convenience as checking and savings accounts.
• The service is available to CIS and Citigold customers.
• Customers can access their investment portfolios, get real-time quotes, and take direct action on their accounts using the Citicard Banking Centers.
• The service aims to execute orders in real-time.

Sources:

• Maria Rullo, Citibank, 212/559-0409