Money talks...
By Dan Ilett
Published: 21 July 2006 13:25 GMT
Phone kiosks could soon be a point of call for people wanting to withdraw money from the bank.
Nationwide Building Society has joined forces with BT to put ATMs in five phone kiosks in Northampton, Slough and Swindon (where Nationwide's HQ is located).
John Givens, campaigns manager for Nationwide, told silicon.com: "It's so our customers have easier access to non-charging cash machines. The first five are a pilot but we will be looking to do more."
Givens said the scheme is in response to a growing number of ATMs that charge people for withdrawing their cash.
He added: "Typically you'll get charged £1.50 a time. We're committed to having all our customers able to access cash machines that do not charge for money."
Nationwide recently called on HM Treasury and chief executives of major banks to make all ATMs free to use and to monitor the impact on consumers of machines that charge, especially in areas of social deprivation.
Nationwide operates 2,424 free-to-use cash machines in the UK.
The company estimates that the UK public will pay £250m in charges to withdraw their own money in 2006 and if all cash machines charged a fee customers could end up paying £2bn per year in charges.
Almost half the UK's cash machines now charge a fee, typically around £1.50.
Application Support Analyst - Cash Equities - Top Tier Investment Bank A top tier Investment Bank requires a Junior Application Support Analyst to ...
Cash Equity Settlements Business Analyst required by leading Investment Bank, based in London, to be responsible for requirements and functional ...
The role involves: Management of a number of reports Producing the month end and year end accounts Liaison with Auditors Assist in fee setting and ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Tim Ferguson
On a new Voyager, tackling fraud and the intellectual challenge
Interview: Nationwide IT director, Peter Stafford
Nick Heath
David Lister on smart grids and why he left RBS
Interview: National Grid CIO
Andy Jones
Why banks will push ahead with offshoring
Comment: Even if they don't want to
Catherine Stagg-Macey
Legacy IT holding back insurers
Comment: Economic crisis means finance giants must step lively
Julian Goldsmith
The City fund manager with no IT department
Q&A: How asset management is embracing the cloud...
Peter Cochrane
Peter Cochrane's Blog: How tech can solve the banking crisis
Bring on a machine-based economy