FOR IMMEDIATE RELEASE
Aug. 15, 2016
QUONTIC BANK PROVIDING SURCHARGE-FREE ATM ACCESS TO CUSTOMERS VIA CITI'S 'CITI®ATM COMMUNITY NETWORK'
New Pilot Program Expands Access to Surcharge-Free ATMs in Chicago, Los Angeles, Miami, New York, San Francisco, Washington D.C. and other cities.
NEW YORK—Quontic Bank today announced its participation in the Citi® ATM Community Network, a new pilot program from Citi that provides Quontic Bank customers the ability to withdraw cash with no surcharge fee at Citibank® branch ATMs, including those in Chicago, Los Angeles, Miami, New York, San Francisco and Washington D.C.
"Thanks to our participation in the Citi ATM Community Network, our customers can now enjoy the convenience of Citi’s ATMs while continuing to benefit from the safe and affordable products and services of Quontic Bank,” said Steven Schnall, chairman and CEO of Quontic Bank. "Both Quontic Bank and Citibank aim to provide wide access to financial products and services, especially in underserved communities."
The Citi ATM Community Network means Quontic Bank customers now have surcharge-free access to roughly 2,400 branch ATMs in Citi’s markets in the U.S. The new network was unveiled at a public meeting of the Office of the Comptroller of the Currency’s (OCC) Minority Depository Institutions Advisory Committee.
“The Citi ATM Community Network will expand access to ATMs in key areas by capitalizing on our branch network in six major urban centers in the U.S.,” said Will Howle, head of U.S. retail banking at Citi. “We take seriously our role of providing financial services to the broad spectrum of populations in the communities in which we operate, and the Citi ATM Community Network is yet another way we will do it.”
About Quontic Bank
Headquartered in New York City, Quontic Bank is a financially strong, federally chartered community bank that's intensely customer focused and relationship driven. Through a growing network of branches and loan production offices, we provide a full suite of competitively priced deposit products, residential and commercial mortgages and small business loans, as well as leading-edge tools that give you convenient access to your money! Learn more at QuonticBank.com.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com or www.quonticbank.com.
Drew Sandholm, 718-215-4061
Deirdre Leahy, 212-559-3296
Elizabeth Patella, 212-559-2477