MoneySavingExpert.com homepage
Cutting your costs, fighting your corner
Founder, Martin Lewis · Editor-in-Chief, Marcus Herbert
Search bar closed.
MSE News

£5-only cash machines launched

5pound_note
Press Association
Press Association
Editor
28 June 2010

An ATM operator today launched a network of free cash machines that only dispense £5 notes.

Bank Machine has installed 21 cash machines across Britain that only give out fivers, regardless of how much money is withdrawn.

The group said the move aimed to help get more £5 notes into circulation, while it also enabled people to withdraw smaller sums, which is designed to help them budget (see the Budget Planner guide).

The introduction of the network of free-to-use machines follows a pilot of two ATMs that only dispense £5 notes in London.

The group said these machines were currently putting around 100,000 £5 notes into circulation each month.

'Help budgeting'

Ron Delnevo, managing director of Bank Machine, says: "Whether you withdraw £50 or £5 at our machines it will all be in £5 notes.

"There is cast iron proof that cash - and small denominations in particular - help people to budget, especially now during these financially stretching times."

Andrew Bailey, chief cashier at the Bank of England, says: "The Bank has several projects under way to meet public demand for more £5 notes.

"One of these aims at encouraging the industry to include £5 notes in their ATMs - the front line of cash provision to the public.

"Bank Machine's launch of a network of £5-only ATMs across the UK is thus a very welcome move."

The new ATMs will be at locations across Britain, including Manchester, Stroud, Oxford, Cardiff, Portsmouth and Banchory in Aberdeenshire.

Hatfield-based Bank Machine operates nearly 3,000 ATMs, including more than 700 that are free to use.

Further reading/Key links

Money help: Budget Planner, Money Makeover, Debt Help

MSE Forum

£5-only ATMs

Forum image
MSE Email icon 11 February 2025

For all the latest deals, guides and loopholes simply sign up today - it’s spam free!

Compare+ Home Insurance tool
Beat 19% price hikes
Stop overpaying on energy
Beat 6% April rise
Cheap medical insurance
Our five must-knows
30+ AI tools
Save time & hassle
Beat Microsoft price hike
Of up to £30 a year
Top 5% savings
Post base-rate cut
When'll mortgages fall?
See lender-by-lender
Tools and calculators

Clever ways to calculate your finances

Find your odds of getting top cards
Find your odds for getting a cheap loan
Compare broadband, phone & TV deals
Compares thousands of mortgages
Eight calcs to help you work out the cost
We ensure you’re on the cheapest tariff