Ethos Public Relations Manchester

Credit Union Current Account gives customers full ATM access, even if banks won’t…

by Ethos public relations

Another one of the high street banks may have announced that it is restricting access to cash machines for nearly a million of its customers, but the Credit Union Current Account provides a fair and affordable alternative with full ATM access.

News that RBS is to stop its basic bank account holders getting their money out of other banks’ cash machines is the latest example of the limited services available to people on lower incomes from the high street banks. However, credit unions are stepping in to fill the gap with their own current account.

Credit Union Current Account customers can use over 40,000 free to access ATMs around the country, as well as getting cash back in stores. The Credit Union Current Account provides a VISA debit card, free same day access to credit union savings, and the opportunity to set up direct debits, standing orders, funds transfers and bill payments. Account holders can also have their salaries, pensions or benefits paid in directly, and can use their card for online purchases and Chip and PIN transactions in stores.

“When people say their bank is treating them unfairly, we point out that there could be a credit union alternative waiting for them locally,” says Abbie Shelton, Policy and Communications Manager at ABCUL – the Association of British Credit Unions. “The Credit Union Current Account provides the perfect answer for anyone who wants to access their money from as wide a network of ATMs as possible, as well as a wide range of other benefits which set it apart from high street banks’ basic accounts.”

The Credit Union Current Account is currently available from 25 credit unions around the UK, with more working towards offering it, and there are now over 31,000 credit union members with an account. Credit unions are financial co-operatives owned and controlled by their members. As they are managed locally and have no outside shareholders to pay, credit union members are happy to know that their money stays within their community.

To find your local credit union visit www.findyourcreditunion.co.uk. To find out which credit unions offer the Credit Union Current Account visit www.abcul.coop/about/productsservices/cuca.

To read other news from ABCUL click here.

Posted at 18^th August 2011