Dec. 13 (Bloomberg) -- U.K. banks including HSBC Holdings Plc agreed to pay a premium to companies that put automated teller machines in lower-income areas, making it possible to set up 600 new free ATMs.
Banks will pay a ``30 percent to 50 percent premium per transaction'' above their standard fee to operators who set up free machines and provide access to customers, a government group said in an e-mailed statement today.
The free cash machines are being put in to improve the financial services British banks offer to people living in lower- income areas following a government review of ATMs and related bank charges. U.K. lenders including Royal Bank of Scotland Group Plc and Barclays Plc are under pressure from lawmakers to make banking services simpler and cheaper.......
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