Banks warned over ATM charges

By THIS IS MONEY
Updated:

 

The Government has signalled that it would require banks to display charges for using cash machines if a voluntary code is not agreed on.

Consumer Affairs Minister Kim Howells said any charges should be clearly displayed before a transaction proceeds.

In a Commons written reply, he said the banking industry was considering the issue and added: 'I hope that a voluntary agreement ensuring transparency will be achieved.'

If not, he warned: 'I will use my powers in the Prices Act 1974 to require the industry to display charges clearly.'

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