HSBC adds ATMs to phone kiosks

HSBC adds ATMs to phone kiosks

British banking group HSBC has teamed with BT to launch the first of 50 free-to-use ATMs that are attached to telephone kiosks.

The bank's first ATM payphone has been activated in Sutton, Surrey.

Working in conjunction with BT, HSBC says it will install 50 cash machines in high-street phone kiosks as part of its plans to add 500 new ATMs to its network this year.

The first five machines will be operational by early October, while the remaining 45 will be up and running over the next few months.

David Nibloe, head of express banking at HSBC, says: "Our customers are telling us that they want free access to their cash in convenient locations, which is why we're increasing our ATM estate from around 2900 to over 3400."

"It's not always possible to install 'hole in the wall'-style machines or to put them in local stores, so the phone booth ATMs offer us a fantastic option for providing this service to customers and communities," adds Nibloe.

HSBC said in March that it was investing £50 million on growing its national ATM network and extending the range of services available through the units.

UK building society Nationwide teamed with BT earlier this year to attach five of its free-to-use ATMs to phone booths.

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