Following predictions from the Link cash machine network that the "volume and value of transactions at UK cash machines are expected to break all previous records this Christmas", two banking providers have called for fee-free cash machine usage.
"Christmas is expensive enough without paying to access your own money," says Stuart Bernau of Nationwide.
The building society believes that fee-charging automatic teller machines (ATMs) will cost shoppers in the UK more than £500,000 a day.
"People should say no to charging cash machines and make ATM fees a ghost of Christmas past," he adds.
Sainsbury's Bank shares this view, having estimated that up to 9.4 million ATM withdrawals will cost the banking customers money.
"People need to make sure that they know whether or not the cash machines they use charge for making withdrawals," warns the bank's chief executive, Tim Pile.
"We are committed to not charging people for withdrawing their money from our machines and over the last two years we have increased our number of ATMs by 129 per cent and have plans to add more."
Fee-charging ATMs should display this fact on their screens since July. Banking customers must then confirm their acceptance of a typical charge of £1.25 before completing the transaction.
ATM warning for banking customers
Financial Services > e-banking > Banking news
ATM warning for banking customers
Mon, 12 Dec 2005
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