CASH MACHINE RED AND GREEN SIGNS

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That this House welcomes Nationwide's Free ATM campaign and its move to bring about transparency by displaying clear green signs indicating that its machines will not charge for cash withdrawals; notes that Nationwide estimates that fee-charging machines will cost consumers £250 million in 2006; and calls on other banks, building societies and ATM providers to adopt standardised green signs for free ATMs and red signs for charging ATMs so that consumers can recognise from a distance whether or not they will be charged for withdrawing cash.