Execs from UK's Post Office likely to face MPs' questions over ATM fees

Execs from UK's Post Office likely to face MPs' questions over ATM fees
Tags: Distributors / ISO / IAD, Regulatory Issues, Retail / Off-Premises
November 28, 2004

The Independent: Executives from the UK's Post Office will likely earn extra attention from MPs during a series of hearings into ATM charges starting on Dec. 21.

The MPs are expected to question consumer groups, the bosses of the Link network and ATM operators that collect usage fees, such as Cardpoint and Hanco, which is owned by Royal Bank of Scotland.

But special attention is expected to be given to the Post Office, which has 2,000 cash ATMs in its branches, only 650 of which allow free withdrawals. The Post Office ATMs are largely run by either Alliance & Leicester or Hanco.

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Read a related story from our archives: British MPs express continued concern over ATM fees