Hartsfield-Jackson International is seeking Atlanta City Council approval for SunTrust Bank to open a bank branch in the domestic terminal and put ATMs around the airport.
If approved, the SunTrust branch would replace the Wells Fargo branch that closed at Hartsfield-Jackson last August. The SunTrust bank at the airport would open about 6 to 9 months after approval from the city.
SunTrust would also put at least 16 ATMs around the Atlanta airport, replacing the 10 Wells Fargo ATMs at the airport today.
When the airport invited banks to compete for the lease as its contract with Wells Fargo was expiring, SunTrust was the only company that responded. Wells Fargo said its ATM revenues had declined and the bank operation at the airport was not generating a profit.
Airport bank locations have struggled amid a declining use of cash, which has made it less profitable for banks to operate at the airport. The proliferation of credit card use, low-cost card processing services like Square, Uber and Lyft, as well as PayPal and Venmo have made withdrawing cash a less urgent need for many.
About the Author
