Big three in Brazil to offer joint ATM access

Bradesco, Banco de Brasil and the Brazilian subsidiary of
Santander are discussing a deal to share external ATMs in airports,
shopping centers and supermarkets to reduce operational
costs. 

Such a move would offer customers of the three
banks joint access to around 11,000 ATMs located away from
branches. 

In a joint statement, the banks said: “This
model will significantly increase the availability and penetration
of the self-service network, and create efficiency gains when
compared to the current manner that the ATM network is used by each
bank.”

There is also potential for the creation of a
brand that combines the three banks.  

Banco de Brasil has a total ATM network of
40,000 ATMs, Santander, 8,600 and Bradesco, 30,657. 

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