Cash machines that only dispense £5 notes regardless of how much money is withdrawn are to be installed across Britain. The nationwide introduction of small fund-only ATMs comes after support by Bank of England bosses. They want to increase the circulation of the notes so that less crumpled fivers are handed out as change in shops. Fivers aplenty: The circulation of £5 notes will be boosted by small sum-only ATMs Shoppers also found it easier to budget their money when the machines were trialled at two locations in London. Now Bank Machine, a firm based in Hatfield, Hertfordshire, has installed 21 machines across the country. The group said their two existing machines were currently putting around 100,000 £5 notes into circulation each month. Managing director Ron Delnevo said: ‘Whether you withdraw £50 or £5 at our machines it will all be in £5 notes. ‘There is cast iron proof that cash - and small denominations in particular - help people to budget, especially now during these financially stretching times.’ Andrew Bailey, chief cashier at the Bank of England, said: ‘The Bank has several projects under way to meet public demand for more £5 notes. ‘One of these aims at encouraging the industry to include £5 notes in their ATMs - the front line of cash provision to the public. ‘Bank Machine's launch of a network of £5-only ATMs across the UK is thus a very welcome move.’ The new ATMs will be at locations across Britain, including Manchester, Stroud, Oxford, Cardiff, Portsmouth and Banchory in Aberdeenshire. Bank Machine operates nearly 3,000 ATMs, including more than 700 that are free to use.Cash machines that only dispense £5 notes to be rolled out across Britain
28th June 2010
Read more: http://www.dailymail.co.uk/news/article-1290190/Cash-machines-dispense-5-notes-rolled-Britain.html#ixzz0sEKzZTve
Tuesday, 29 June 2010
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