SoFi partners with Cardtronics for access to Allpoint Network

By Pavithra R

SoFi, an American FinTech leader and personal finance innovator has announced that the firm has joined Cardtronics to give its members’ surcharge free cash access at 55,000 Allpoint ATMs worldwide, including ATMs at the new SoFi Stadium in Los Angeles.

Cardtronics allows financial institutions of all sizes to return the focus to their customers and core business by removing the complex burden of ATM management.

“People shouldn’t have to pay fees to access their own money. The Allpoint Network gives our members access to more fee-free ATMs in major metropolitan areas than even the largest bank operators can provide. This scale makes Cardtronics a critical partner in helping us provide members a better alternative to traditional brick and mortar financial institutions,” said SoFi CEO Anthony Noto.

Cardtronics’ Allpoint is a surcharge-free network that brings in surcharge-avoiders to use participating ATMs. The solution is being used by Banks, Credit Unions (CUs), and prepaid card operators to stay competitive by providing their cardholders with access to the Allpoint network. The company works directly with FIs to proactively drive awareness of Allpoint ATMs through marketing programs, social media, mobile location services, and more.

“SoFi’s tech-savvy customers expect the highest level of customer service and convenience. We are pleased to contribute to SoFi’s growth and success by providing its members access to our global network of conveniently located surcharge-free ATMs. We also are extremely honored that SoFi has selected us to be its ATM services provider delivering high-quality, reliable, innovative, and secure ATM solutions at SoFi Stadium,” said Carter Hunt, Managing Director of North America for Cardtronics.

Established since 1993, Cardtronics is a global growth company expanding ATM management and cash access. The company owns and operates Allpoint Network, a surcharge-free ATM network. According to company data, the company enables cash transactions at approx—285,000 ATMs across ten countries in North America, Europe, Asia-Pacific, and Africa.