BofA OKs Free ATMs to Gain Latino Clients

Bank of America Corp. has agreed to let clients of its Mexican partner Grupo Financiero Santander Serfin use automated teller machines for free to help gain more clients in the U.S. Latino community.

Customers of Santander Serfin, in which Bank of America bought a 24.9% stake for $1.6 billion in March, will be able to use the Charlotte, N.C.-based bank’s ATMs without charge to withdraw money and check their accounts. BofA customers will have the same privilege at Serfin’s ATMs in Mexico.

From Bloomberg News