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Wells Fargo says it is the first to allow customers to redeem awards at the ATM

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Wells Fargo & Co. customers who participate in the company’s Rewards credit card program can redeem their rewards at more than 12,500 Wells Fargo automated teller machines. Wells Fargo is the first major U.S. financial services provider to introduce this functionality, according to a release. The new feature allows customers to redeem their rewards in the form of a cash withdrawal or a deposit or payment to a qualifying Wells Fargo account, including checking and savings accounts, credit cards, mortgages, home equity loans and personal loans. Customers can redeem rewards in increments of $20 at the ATM.