Post Office to install 1,500 free ATMs

23 June 2006
The Post Office is set to roll out an additional 500 free automated teller machines (ATMs) at its branches across the UK, in addition to the 1,000 it has already committed to providing before 2011.

The company hopes to become a leading provider of free machines, amid consumer concern over the rise in fee-charging cash points.

As part of its renewed focus on free-to-use machines, the Post Office intends to withdraw any involvement with ATM suppliers who charge a fee for withdrawing money from their machines.

"The expansion in free-to-use ATMs in Post Office branches complements the free cash access service we offer at the counter on behalf of 19 banks and building societies," said the company's managing director, Alan Cook.

"More than one million free cash withdrawals are made every day at the Post Office, making us the largest, free-to-use cash network in the UK."

Mr Cook said that the Post Office's ultimate goal was to provide cash machine access to funds, free of charge, to "every one of over 25 million customers who visit us every week, no matter who they bank with".

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