Cash machines to give access to all UK banks
Wednesday 21 October 1998
Link, the cash machine network, revealed three high street banks were in advanced talks on joining Link. The aim is create a unified network of machines for the whole country.
Barclays, Lloyds Bank and Midland Bank are planning to become members of Link by the end of May, giving customers access to around 25,000 machines. National Westminster Bank will also become a full member.
John Hardy, chief executive of Link, said: "This is a significant move in the expansion of Link and it will create a single national network of cash machines, providing access to virtually all banks and building societies in the UK."
The big four high street banks have historically avoided a unified network, choosing instead to use the size of their networks as a way of attracting new customers.
Customers with Midland and National Westminster Bank share access to 12,500 machines, while Lloyds and Barclays share a network of 7,600. Link, including building societies and mortgage banks, has 15,400 machines.
Bank customers have generally been blocked from using machines in a rival network. Where they can use them, the typical charge is pounds 1.50 per withdrawal.
A survey by Mori showed that 77 per cent of all age groups - and 92 per cent of those under 35 - wanted to be able to use any cash machine. Britain is one of the only countries in the world without a unified network.
The move came out of talks held to discuss the need to update systems to cope with the Millennium Bug, according to a Midland Bank spokesman. He said banks decided to discuss what other changes might be made to cash machines.
However, Mr Hardy said some banks were likely to continue charging customers for using Link machines. NatWest and Woolwich, for example, charge 60p for each transaction.
- 1 Keira Knightley topless: Conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 2 Argentina may change its capital city from Buenos Aires, says president
- 3 Joan Rivers: 'Palestinians deserve to be dead'
- 4 The 3D-printed key that can unlock anything
- 5 Lady al-Qa’ida: On the trail of Dr Aafia Siddiqui, the world’s most wanted prisoner
Keira Knightley topless: Conservative actress does own take on #Freethenipple campaign for Interview Magazine
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Oil tanker with $100 million cargo goes missing off Texas coast
Joan Rivers: 'Palestinians deserve to be dead'
Sir Paul McCartney makes his stance on Scottish independence known
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
iJobs Money & Business
Highly Attractive Salary: Austen Lloyd: BRISTOL - This is a very unusual law c...
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...