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MSE News: £5-only cash machines launched

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Comments

  • I think it's a fantastic idea, and just wish they had one a bit more local to me. Hopefully they'll roll out even more though and then everyone can benefit from it! I always love getting a five pound note!!!
  • karenccs67
    karenccs67 Posts: 1,088 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud!
    I would really like this, I too struggle to get £10 out of a ATM, it really annoys me when only £20 are dispensed. I am a LLoydstsb customer and here in Bedfordshire they haven't dispensed £5 for years.
    ***Dont save what is left after spending, spend what is left after saving***
  • mary1
    mary1 Posts: 41 Forumite
    This is a very good idea dispensing £5 notes. However, it would be good if £10 notes could be dispensed as well. How about introducing these in the North East. Never had a £5 note from a cash machine.
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    edited 30 June 2010 at 9:56AM
    Re the charging thing, the MSE story actually says that 700 out of 3000 Bank Machine ATMs are free to use. Their own website says they have 500 free ATMs. 21 of them are the £5 note machines. [just noticed that they are all in Martin McColl newsagent, so not going to be available 24/7]

    personally I dno't think it'll make a difference for me in terms of spending/budgeting, I usually use my debit card as much as possible so I can look at my statement and see exactly where I've spent my £. But certainly its true that almost every £5 note you ever get is in disgusting condition!!
  • Brilliant.. A great example of Corporate Social Responsibility. A win win for the business and consumers.
  • Snakeeyes21
    Snakeeyes21 Posts: 2,527 Forumite
    WOW a whole 21 machines.
    Ill be back in 6 hours after I travel to London to get my last fiver out the cashpoint
  • Chrisblue1962
    Chrisblue1962 Posts: 1,203 Forumite
    Part of the Furniture Combo Breaker
    Hi, if you go to the counter in a Post Office for many accounts you can withdraw any amount you like, such as #5.00 or #13.00. It's one of the reasons I have a Co-op Cashminder account :).
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    28th October 2019 -
    £13,505 - 27% paid off.
    Demolishing my House of Debt.. one brick at a time!! :)
    Thinking of spending???..YNAB says "NO!!!!"


  • Willow92
    Willow92 Posts: 2,186 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I remember when my fiance payed for something in Tesco with a £5 note, the till woman said "Wow, you must be the only person in Wolverhampton with one of these."
    Savings £8,865.22 £/15,000 Aiming to save enough for a house deposit.
  • Ok for poor people I guess but just a big inconvenience for everyone else.
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