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Big U.S. banks will roll out ATMs that take smartphones, not cards

Big U.S. banks will roll out ATMs that take smartphones, not cards

To the long list of things you can do with your phone — including watch a movie, buy a latte and hail a ride — prepare to add one more: get cash.

Over the next few months, the nation's three biggest banks will start rolling out ATMs that will let customers withdraw currency using their smartphones instead of debit cards — the latest step toward a future in which phones could replace bank branches and wallets.

"My boys are 5 and 6 — I don't think they'll carry around plastic when they grow up," said Michelle Moore, head of digital banking for Bank of America, which plans to make cardless ATMs widely available as early as May.

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