Just as atms replaced bank clerks, so too new checkout machines will hugely reduce the need for retail clerks.
"This is the future of banking," said Shelley Waite, Bank of America's senior vice president for atms.
Today, you can access your money from atms in nearly every corner of the world.
atms have served us well for more than 40 years now, but it's time for a reboot.
She cited its large network of atms and daily text messages that alert customers who may be on the verge of overspending.
Diebold, which makes more than half the atms in the U.S., just announced the first machines with Mobile Cash Access.
“Our message this year to all the bank CEOs is that hardworking Americans will not be your atms,” he said.
“The cash cells spring into action, immediately withdrawing cash from atms across the globe,” the government memo says.
There were long lines at atms and bank employees took names for waiting lists as people tried to withdraw money.
In April, it began installing the first atms with what it calls Teller Assist in Boston and Atlanta.