Fiver cash machine to help spenders budget

AN ATM operator in Britain has launched a network of free cash machines that only dispense £5 (€6) notes.

Bank Machine has installed 21 cash machines across Britain that only give out fivers, regardless of how much money is withdrawn.

The group said these free-to-use machines were putting about 100,000 £5 notes into circulation each month.

Ron Delnevo, managing director of Bank Machine, 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.


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