News

ATM backlash drops off in UK

May 12, 2005

icWales: The backlash against ATMs that charge consumers for withdrawing money is weakening, a leading operator of ATMs said May 13.

Moneybox, which operates 2,400 cash dispensers in pubs and other retail locations in the UK, said the number of transactions showed signs of recovery in April compared with levels seen in previous months.

Research by the Nationwide Building Society in September found one-third of cash machines in the UK charged customers for completing a transaction, with costs averaging £1.50 (U.S. $2.78).

Read more …