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Royal Bank of Scotland (RBS) is to stop nearly a tenth of its account holders using cash machines owned by rivals.
This will affect nearly a million people with basic bank accounts that do not offer overdrafts or cheque books.
They will only be able to withdraw money from RBS, NatWest, Tesco or Morrisons cash machines, or at Post Office branches over the counter.
RBS blamed its decision on its inability to recover the cost of its customers using other banks' ATMs.
"It is unsustainable for us to offer free access to other bank ATMs for basic accounts as we face a charge per bank transaction, which needs to be recovered elsewhere," RBS said.
More:
http://www.bbc.co.uk/news/business-14563897
Another kick in the teeth for those trying to budget there funds.
This will affect nearly a million people with basic bank accounts that do not offer overdrafts or cheque books.
They will only be able to withdraw money from RBS, NatWest, Tesco or Morrisons cash machines, or at Post Office branches over the counter.
RBS blamed its decision on its inability to recover the cost of its customers using other banks' ATMs.
"It is unsustainable for us to offer free access to other bank ATMs for basic accounts as we face a charge per bank transaction, which needs to be recovered elsewhere," RBS said.
More:
http://www.bbc.co.uk/news/business-14563897
Another kick in the teeth for those trying to budget there funds.
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