From: "Tumbleweed" 
Newsgroups: uk.finance
Subject: Re: Cash Machine Withdraw Fees..
Date: Tue, 10 Oct 2006 23:20:32 +0100


"Jonathan Bryce"  wrote in message 
news:otmdnQc2-fIJl7HYnZ2dnUVZ8tOdnZ2d@eclipse.net.uk...
> Tumbleweed wrote:
>
>> Why? Who were you thinking should provide them for free (away from bank
>> premises)?
>
> The bank pays the cash machine operator a fee for each withdrawal through
> the link network.
>
> Secondly, the shop owners use this as a cheap way of banking their 
> takings.
> They put their takings into the machine, and every time someone withdraws
> some money from the machine, it is transferred from their account to the
> shop owner's account.


Seems like a win-win.


> Most of these cash machine operators are owned by banks anyway.  The royal
> bank of scotland has the biggest network of them.
>
and....?
-- 
Tumbleweed

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