Banks in Singapore launch shared ATM network

Banks in Singapore launch shared ATM network
Tags: Bank / Credit Union, Cash Dispenser / Recycler / Acceptor, EFT Networks, Networking / Connectivity, Transaction Processing
April 7, 2005

Business Times:
ABN Amro and Citibank in Singapore are joining the shared ATM network of HSBC, Maybank and Standard Chartered Bank.

The launch of atm5 - the newly-formed shared ATM network of the five qualifying full banks - will give customers access to more than 115 ATMs at more than 78 locations islandwide.

Customers can continue to use their existing ATM cards to access atm5.

ABN now has seven ATMs, including one off-site. The bank expects to increase that number to 25. Citibank has 10 ATM locations and plans to have at least one more by year-end.

Stanchard has 21 ATM locations, HSBC 14 and Maybank 27.