A UK first ‘super-ATM’ multi-bank deposit service is being trialled in a local Co-op. The first bank deposit hub and machine is up and running at the Co-op in Long Street, Atherstone.
Others are set to be rolled across the country as part of the trial being championed by Cash Access UK, which was set up to help plug gaps in cash access. As well as being able to make deposits, the ‘super ATM’ gives access to cash services such as withdrawals and balance inquiries.
They will also enable free cash deposits to customers of Halifax, Lloyds, Natwest, Bank of Scotland, Barclays, Royal Bank of Scotland and Ulster Bank. Cash Access UK said that more banks are set to be added soon.
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The machines are connected to the Link ATM network and have been set up in partnership with ATM providers NCR Atleos and NoteMachine. Cash Access UK chief executive Gareth Oakley said: “Access to deposit-taking ATMs is vital for cash-reliant UK consumers struggling to access basic banking services and it’s just as important that businesses who accept cash can bank it too.”
Martin McTague, National chairman of the Federation of Small Businesses (FSB), said: “The decline of the bank branch network has left many without vital services, in particular the ability for small business owners to deposit takings for the day safely without shutting the small business early or travelling for miles.
“The ability to deposit in a super-ATM that works for multiple banks is an important innovation and could make a real difference alongside the accelerated roll-out of banking hubs and maintenance of Post Office counters.”
