CASH MACHINES TO OFFER BANKING SERVICES WITHIN FIVE YEARS, SAYS ATM GIANT

CASH MACHINES TO OFFER BANKING SERVICES WITHIN FIVE YEARS, SAYS ATM GIANT

It comes after the number of UK cash machines continues to fall

Bank customers will be able to walk up to a high street cash machine and apply for a loan or have a video chat with a mortgage adviser under a bold five-year vision set out by the world's largest maker of ATMs.

Matt Phillips, the UK boss of Diebold Nixdorf, told the PA news agency the firm is already in talks with banks about launching self-serve ATMs that will be able to carry out a raft of basic banking services.

He said Britons will see these ATMs hit the high streets "absolutely" within five years as banks increasingly take the axe to their branch networks amid a push towards online banking.

It comes amid fears over access to cash across the UK as the removal of fee-free ATMs and branches are said to be creating "cash deserts" in many small communities.

Published: by Radio NewsHub
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