The first automatic teller machines (ATMs) common to the three banks Société Générale, BNP Paribas and Crédit Mutuel Alliance Fédérale (which also owns CIC) are active, their joint company 2SF announced on Thursday.
Cash Servicesthe new local banking service offering common to the four banking brands BNP Paribas, Crdit Mutuel, CIC and SG, launches on deployment of around sixty sites throughout France, the company wrote in a press release.
The first machine, dressed in black and displaying the Cash Services logo, is in testing since November 22 at the Mulhouse exhibition center. It has since been joined by six other sites, all excluding bank branches. At the end of the deployment of this ATM pooling project, planned for 2026, the Cash Services network will have 7000 sites (5000 agencies and 2000 excluding agencies), i.e. 30% less than the number of current sitesaround 10,000. The number of machines (there may be several per site) will be around 10,000 on this date, according to a source close to the matter, compared to 15,000 currently across all 4 networks.
Concretely, a Socit Générale customer will, for example, be invited to withdraw money from a Cash Services ATM attached to a BNP Paribas agency, and vice versa. Those are the urban areas where the four brands coexist – BNP Paribas, SG (the new brand resulting from the merger between Socit Generale and Crdit du Nord), Crdit Mutuel and CIC – which are the main ones affected by this pooling.
The automatons will be able to offer a wide range of servicessuch as check or coin deposits.
The project was announced in October 2021 but is being implemented later than planned.
BNP Paribas, Socit Générale and Crdit Mutuel pool their ATMs at the end of 2023
Fewer displaced withdrawals
Pooling should limit so-called inappropriate withdrawals for customers, these withdrawals made outside the ATMs of their own bank, invoiced to the customer according to the offer to which they have subscribed and from a certain number. It aims especially reduce operating costs for banks: fewer distributors mean fewer costs of supply, maintenance, comings and goings of cash transporters, etc.
The number of ATMs is reducing at high speed in France. He has drop of more than 12% between 2018 and 2022, to reach 46,249 at the end of 2022, according to figures from the Banque de France.
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