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Bendigo And Suncorp To Combine Their ATM Networks
Bancassurance group Suncorp-Metway, and regional lender Bendigo and Adelaide Bank are set to combine their ATM networks, giving customers of both banks a wider choice of machines.
David Foster chief executive of Suncorp says the agreement more than doubles the ATM networks for both lenders.
The agreement, which is subject to regulatory approval, will mean that customers of either lender now have access to approximately 1600 ATM’s nationally without having to pay a direct charge fee.
“A more comprehensive network will make banking convenient for customers, while allowing them to avoid fees imposed by other banks for use of their machines,” Mr. Foster said.
Mr. Foster said the ATM networks of both lenders complimented one another with Suncorp’s network particularly strong in Sydney, Queensland and other major Australian cities, whilst Bendigo & Adelaide’s network is concentrated in Victoria and other regional centers.
The two lenders hope the integration of their ATM networks will be operational by March 2010.
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