Five Luxembourg banks partnering in the “Bancomat” project are launching their shared ATM network. Phase 1 is underway.<\/p>\n
The announcement was made on 21 November 2023<\/a>. Three years later, the six banks originally involved are now down to five.<\/p>\n Spuerkeess, BIL, BGL, Raiffeisen and POST are rolling out their shared ATM network, named “Bancomat<\/a>“, this summer. In practice, every ATM of the five banks is joining this new network, which will be accessible to all their customers.<\/p>\n Customers will benefit from a wider offering than their own bank’s network alone provides today. BCEE recently informed its customers that “Luxembourg’s leading banks are joining forces to offer a more efficient ATM network”.<\/p>\n More than 200 ATMs are planned to provide “greater proximity, simplicity, familiarity and convenience”. The bank also states that users will “gradually benefit from new services and features, such as contactless withdrawals via Wallet (Apple Pay and Samsung Pay) or dynamic currency conversion”.<\/p>\n