RBS to cut yearly ATM withdrawal costs by £17.5m, but reduce ATM access for basic customers by 80%

October 2011
MarketWatch: Financial Services;Oct2011, Vol. 11 Issue 10, p10
Market Research Report
The article reports on the 17.5 million pounds annual ATM withdrawal costs cut by Royal Bank of Scotland (RBS), a partly government-owned bank, in Great Britain. The company, along with NatWest Bank PLC and Lloyds TSB Bank PLC, have deemed the costs involved in customers making a withdrawal from a rival bank's ATM. Meanwhile, several banks have claimed that funding the transactions for entry-level account holders is no longer viable.


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