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Barclays backs down on cash machine fees

Barclays has backed down in the face of massive opposition from competitors and consumers over its plans to charge fees to non-members using its cash machines.

In recent weeks the debate over whether or not consumers should face charges for using cash machines has intensified. NatWest and Abbey National announced last week they were dropping fees, and last night HSBC and Lloyds TSB followed suit.

This left only Barclays amongst the major high street banks insisting it was still going to levy fees.

The larger debate over cash machine fees has been ongoing for a year now. Banks originally stated they planned to charge £1 to customers using their own banks&#39 machines and an additional £1 to customers using other banks&#39 machines.

The resulting outrage has led to the banks abandoning these plans, and last night&#39s developments were the last stage in this retreat.

Nationwide Building Society has been one of the leading champions in the anti-fee crusade. Its chief executive Brian Davis says: “It is a big U-turn and we have to be very pleased. They need never have started this in the first place. They will now make less money than if they had left things as they were. It has collapsed around their ears.”

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