By the end of 2025, traditional ATMs will have definitively disappeared from French territory, giving way to a new generation of multi-service ATMs. This long-awaited development, the result of a collaboration between several major French banks, aims to redefine the way we access cash.
Cash services, the all-purpose ATM
French banking giants have launched an ambitious modernization program that will radically transform our relationship with financial services. The initiative, dubbed "cash services," aims to replace traditional ATMs with new, more versatile machines. These machines will not only allow users to withdraw cash, but also deposit checks and cash, thereby reducing the need to visit a branch. They should also allow cash withdrawals at new free withdrawal points, with no additional fees for transactions outside the banking network.
The deployment of these cash service machines is intended to be rapid and efficient: 1,000 sites will be equipped by June 2025, reaching 3,000 operational ATMs before the end of the year. Each user will be able to continue accessing their usual banking interface, ensuring a smooth transition to the new system.
Responding to Banking Desertification
This transformation is a logical response to the growing phenomenon of banking desertification, particularly in rural areas. The new ATMs, capable of processing between 2,500 and 3,000 withdrawals per month, will fill the gap left by the gradual closure of traditional ATMs. Several factors explain this strategic shift by banking institutions. On the one hand, the acceleration of the digital revolution is pushing banks to modernize their aging infrastructure. On the other hand, the pooling of services makes it possible to reduce operational costs, while maintaining quality service for customers. For consumers, this is good news.
In summary
- Traditional ATMs will disappear from June 2025
- They will be replaced by a new harmonized interbank network
- Customers will not only be able to withdraw cash, but also deposit checks and cash
- Objective: to improve and modernize everyday banking services, while combating desertification in rural areas
For some, it is a series of habits that will have to be rethought. The future of banking seems more technology-driven than ever. It's going to take some elbowing to remain competitive. While some are already denouncing the disappearance of human contact in branches, many welcome a simplified banking procedure for everyday transactions.
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