New ATMs Dispense $1 And $5 Bills

From CNNMoney.com

Chase and PNC have both been launching ATMs that churn out exact change to the dollar, allowing customers to withdraw denominations as low as $1 and $5.
[...]
The move is part of Chase's push to create what are essentially virtual tellers that don't require additional staffing and increase efficiency for customers,

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Is this another sign of disappearing branches? When I visit my local Chase, they are never busy.