KeyBank partners with kiosk firm to offer surcharge-free ATMs at Rite Aid stores

SYRACUSE, N.Y. — KeyBank on Monday announced a partnership that will offer its customers access to surcharge-free ATMs at 593 Rite Aid stores across New York state, including 25 KeyBank-branded machines.

Cleveland, Oho–based Key (NYSE: KEY), the number three bank in the 16-county Central New York market ranked by deposit market share, said the partnership is with Cardtronics, Inc. (NASDAQ: CATM). That firm is one of the world’s largest managers of self-service financial kiosks and operates ATMs in pharmacies and other retail businesses, according to Key.

“Our customers want us to make it easy for them to access and manage their money,” Steffanie A. Schroeder, a product manager in Key’s integrated channel management department, said in a news release. “By offering surcharge-free ATM access in Rite Aid stores, we give our customers more ways to bank when they choose and how they choose.”

Cardtronics owns all of the ATMs in the Rite Aid (NYSE: RAD) stores and Key is its branding partner on 25 of the machines, a Key spokeswoman said in an email. Some of the other ATMs are branded with other banks’ names, while some are not. However, Key customers can use all of the ATMs and pay no surcharges, she adds.

A list provided by Key of the ATM locations in Rite Aid stores shows that 15 of them are in Syracuse.

 KeyBank has 304 ATMs in New York and 1,290 ATMs across the bank’s geographic footprint.

The parent company KeyCorp traces its roots back more than 180 years ago and has grown to nearly $92 billion in assets.

Contact Rombel at arombel@cnybj.com