The move is being trialled amid a swathe of bank branch closures up and down the country. The first machine is up and running in Atherstone in Warwickshire
New ATM regulations are set to be rolled out nationwide, affecting all bank account holders. A new "super-ATM" initiative is being tested in response to numerous bank branch closures across the UK.
Additionally, they will allow free cash deposits for customers of Bank of Scotland, Barclays, Halifax, Lloyds, NatWest, Royal Bank of Scotland, and Ulster Bank. Gareth Oakley, chief executive of Cash Access UK, emphasized the importance of these ATMs, stating: "Access to deposit-taking ATMs is vital for cash-reliant UK consumers struggling to access basic banking services and it's just as important that businesses who accept cash can bank it too.
"The ability to deposit in a super-ATM that works for multiple banks is an important innovation and could make a real difference alongside the accelerated rollout of banking hubs and maintenance of Post Office counters.", reports Birmingham Live.
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