23 October 2006
The Royal Bank of Scotland (RBS) and Natwest have confirmed that they are to provide 100 free cash machines in the poorest rural community sub post offices.
Initially decided back in July, the scheme originally ear marked an additional 300 cash machines for the public's use. It was announced this week that a third of those machines allocated by the RBS Group would be placed into sub post offices.
RBS has pledged to install and maintain the machines free of charge and the number of machines could rise if there is enough demand.
Gordon Pell, chief executive of retail markets at RBS, said: "Lack of free access to cash can badly affect the most vulnerable people in society. Having a free to use cash machine close by can make a real difference to the elderly, disabled and those living on a very low income.
"The sub post office network covers many of the UK's most deprived communities, and we hope our offer to install free to use machines in these areas will bring benefits to both local residents and subpostmasters' businesses."
Colin Baker CBE, general secretary for the National Federation of SubPostmasters, said: "We are delighted to be able to help potentially several hundred members of the National Federation of SubPostmasters to benefit from the installation of a free, non-fee charging cash machine in their post offices.
"We know that customers in turn appreciate easy and 'no charge' access to their cash, " he added.
The RBS Group is already the largest provider of free to use cash machines in the UK, with a network of more than 6,500.
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