American Express Co. has cut a deal with Salem Five Cents Savings Bank in Massachusetts to give the bank’s customers free access to Amex’s 320 automated teller machines in the state.

American Express has been building a national automated teller machine network, arguing that banks do not let its cardholders use their machines and that it needs to give these cardholders ready access to cash. The Amex machines are available to bank card holders, but the surcharge ranges from $1 to $1.75.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.