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 Renee Zellweger on plastic surgery reports: 'I'm living a fulfilling life and I'm thrilled that perhaps it shows'
- 2 Disney announces new female-led film Moana
- 3 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 Video: Boxer Vido Loncar brutally assaults referee following defeat
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Support for EU membership 'at highest level since 1991 with most Brits wanting to stay in'
iJobs Money & Business
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...