HSBC to spend £50m on ATM network

British bank HSBC is to invest £50 million on growing its national ATM network and extending the range of services available through the units.

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HSBC to spend £50m on ATM network

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The bank says it will add 500 brand new cash machines to its network during 2006 - a 17% increase from 2933 to 3433 units. The bank is also rolling out a mobile phone top-up service across all its ATMs.

The bank introduced a charity donation service at its ATMs last November to enable customers to donate to the BBC Children in Need appeal. The firm says over 5500 individual donations, totalling £100,000, have been made in the last five months.

In an effort to further extend the service, HSBC is now adding a Gift Aid facility for ATM donors, which enables charities to claw back income tax payments on the sums donated.

David Nibloe, head of self-service, HSBC, says: "Improving our ATM services is a key priority for 2006 and our decision to roll out immediate Gift Aid on charity donations, offer cash machine mobile phone top-ups, and install 500 brand new machines is further recognition of the fact that self-service has become a key feature of day-to-day banking."

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