Nationwide Building Society has challenged the high street banks to follow its lead and abolish all fees for using cash machine fees.
The UK's largest building society threw down the gauntlet after Halifax announced today that it would not charge its own customers disloyalty fees from January 1, 2001.
Nationwide deputy chief executive Bernard Simpson says that Halifax customers would welcome the abolition of charges immediately and that it would save them £25m by the end of the year.
Simpson says: “This proves that any organisation can follow Nationwide's lead and offer free cash machine withdrawals for all. We challenge other banks to follow us.”