Atm⁵ Explained
| atm⁵ |
| Area: | Singapore |
| Foundation: | 2005 |
| Members: | 6 |
| Atm: | 230+ |
atm⁵ is an interbank network in Singapore, connecting the ATMs of six of Singapore's eight qualifying full banks, QFB., there are 230+ atm⁵ ATMs island-wide. The network was established in April 2005.
atm⁵ is also one of the few interbank networks that does not charge its customers for transactions via another member bank's ATM, having removed all interbank transaction charges on April 4, 2006.
One of the six atm5 members, Citibank has numerous ATMs, but only a small percentage of them can be used for atm⁵ transactions. Hence, banks usually recommend customers to make sure that the atm⁵ logo is present on the members' ATM before they carry out their transaction(s).
Members
atm⁵ is the primary network of the following banks listed below:
| Bank | Number of participating ATMs | Minimum withdrawal per transaction |
|---|
| 25 | $100[1] |
| 25 | $10[2] |
| 23 | $10[3] |
| 25 | $10[4] |
| 20 | $10 |
| 20 | $10[5] [6] | |
Former atm5 members include the
ABN AMRO Bank N.V.,
Royal Bank of Scotland and the
Australia and New Zealand Banking Group. All three banks are no longer part of the atm5 network as ABN Amro sold its personal banking business to RBS, then RBS sold its personal banking business to ANZ in 2010, then ANZ sold its personal banking business to
DBS in 2018.
See also
References
Notes and References
- Web site: Our Branches - Citibank Singapore - Location. www.citibank.com.sg.
- Web site: Contact Us | Maybank2u.com Singapore. info.maybank2u.com.sg.
- Web site: atm5 Locations | Bank of China @ Singapore. www.bankofchina.com.
- Web site: :: SBI Singapore - Branch/ATM Locator :: . 2016-08-07 . dead . https://web.archive.org/web/20081018133518/http://www.sbising.com/atm.asp . 2008-10-18 .
- Web site: atm5 Network | Bank of China @ Singapore. www.bankofchina.com.
- Web site: ATMs Locations | Bank of China @ Singapore. www.bankofchina.com.
