In addition, 7-Eleven will soon be positioning itself to accept consumer bank deposits, beginning with Citibank. The goal is to offer customers easy-to-use, self-service options in convenient 7-Eleven locations.
"We realize our customers are busy and may not have a Citibank Financial Center nearby when they need to use an ATM," said Maura Markus, president of Citibank North America. "By partnering with 7-Eleven, we're increasing our ATM locations five-fold, this means greater accessibility and ease for our customers and 5,500 more locations for surcharge-free cash transactions. Banking with Citibank is now more convenient and can be done while you're picking up 7-Eleven favorites like coffee, newspapers and fresh-made sandwiches."
With surcharge-free Citibank-branded ATMs at 7-Eleven, Citibank customers can save money on transactions they're already making. Citibank customers average three non-Citibank ATM transactions a month, incurring an average surcharge of $2 per transaction from other banks. With the conversion of the ATMs at 7-Eleven to Citibank, that translates to a total savings of $67 a year - the equivalent of 62 Slurpee(R) drinks.
"Both 7-Eleven and Citibank are convenience-focused and attuned to the needs of the on-the-go consumer," said Rick Updyke, 7-Eleven vice president of Business Development. "Now Citibank's current and prospective customers can step into a 7-Eleven across the country, conduct their daily financial transactions and satisfy their convenience shopping needs, at a place that's already part of their daily routine."
7-Eleven and Citibank will support the ATM launch with a cash-giveaway promotion in New York, Chicago, Las Vegas and San Francisco. Brand Ambassadors at select 7-Eleven stores in each market will ride "rolling Citibank branded ATMs" to distribute mock Citibank Banking Cards redeemable for instant prizes with values up to $500 cash.
Citibank customers can visit www.Citibank.com to locate 7-Eleven stores across the U.S. with Citibank-branded ATMs.
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises more than 5,800 7-Eleven(R) stores in the United States and Canada and licenses close to 22,800 7-Eleven stores in 17 other countries and U.S. territories. During 2004, 7-Eleven stores worldwide generated total sales of approximately $41 billion. Find out more online at www.7-Eleven.com.
Citibank is a member of Citigroup (NYSE: C). Citigroup, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com.