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U.K. group fights for better ATM deals

March 27, 2005

Sky News: A leading consumer group in the United Kingdom is urging ATM providers to start giving customers a better deal. The plea comes just before the publication this week of the Treasury Select Committee's report on ATM charges. The U.K.'s National Consumer Council said it was time ATM providers "stopped dragging their heels and started giving people a fair deal."

With fee-charging cash machines now accounting for 40 percent of the market, the NCC said the ATM sector is growing too fast.

Hardest hit are rural communities, where three in every four ATMs now charge customers to withdraw cash.

At a fee-charging ATM, a single withdrawal costs, on average, £1.50 (U.S. $2.80), said Philip Cullum, NCC's deputy chief executive.

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