Bancomat,
a shared network of ATMs in Luxembourg

Spuerkeess, Banque Internationale à Luxembourg, BGL BNP Paribas, Banque Raiffeisen, POST Luxembourg and ING Luxembourg are joining forces to create a shared network of ATMs, managed by a new operator acting under the Bancomat trademark.

A local network

By 2025, the Bancomat network will be fully distributed across the country.

The aim is to guarantee that residents of the Grand Duchy of Luxembourg and visitors have the best possible access to an ATM. Both urban and rural areas will be covered, guaranteeing faster access. Clients will also have access to a wider network of ATMs than their bank or financial institution can provide today.

A network to meet tomorrow’s needs

This pooling of networks will make it possible:

These new ATMs will also help to reduce the network’s carbon footprint. A new recycling function will be incorporated: the bills deposited by clients will be distributed during withdrawals, thus reducing the need for cash transport. The new technology will cut energy consumption by at least 30% compared with current machines.

FAQ

All the ATMs of each of the partners will be integrated into a single network named “Bancomat” by 2025. The network operator will work on behalf of the six partners.
Clients will thus have access to a network that covers the entire country and is larger than the standalone network of their own bank or financial institution today.
Today, Spuerkeess, Banque Internationale à Luxembourg, BGL BNP Paribas, Banque Raiffeisen, POST Luxembourg and ING Luxembourg manage their own network of ATMs, based on their business and regional coverage strategies. This means that some areas are overequipped, with each bank present, whilst in other regions there are few or no machines.
By sharing their ATMs, the six partners aim to offer retail clients, companies and businesses access to self-service banking across the whole country, in urban areas and in rural areas that are less densely populated.
This new shared network of ATMs will replace the partners’ six existing networks with the advantage of access to a larger fleet of ATMs across the entire country. At first, the functions and services on offer will remain the same, with the possibility to be upgraded in the future.
Particular emphasis will be placed on installing state-of-the-art ATMs, which are more modern and offer a higher level of security than the current machines. These new ATMs will also be ergonomically adapted for people with reduced mobility and visual impairments, thanks to lower keyboards and an audio option. These ATMs will incorporate a recycling function. Bills deposited by clients will be distributed during withdrawals, thus reducing the need for cash transport.
By sharing networks, the six partners seek to offer balanced access to self-service banking across the whole of Luxembourg, in urban areas and in rural areas that are less densely populated. Once established, the Bancomat network will offer clients more access points than the standalone network of their bank today.
The new operator appointed by the six partners is responsible for studying the position of each machine to guarantee optimum coverage of the country and ensure that all residents have an ATM close by.
The pooling of the six partners’ ATM networks will not generate any additional costs for clients. As is the case today, each partner in the project will continue with its own fee policy for self-service banking and access to cash.

News

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Six major financial services players in Luxembourg join forces to create a shared ATM network

Spuerkeess, Banque Internationale à Luxembourg, BGL BNP Paribas, Banque Raiffeisen, POST Luxembourg and ING Luxembourg are joining together to create a broad-based ATM network.

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