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atm⁵ is an interbank network in Singapore, connecting the ATMs of six of Singapore's eight qualifying full banks, QFB. As of 2016[update], there are 230+ atm⁵ ATMs island-wide. The network was established in April 2005.
 | |
| Operating area | Singapore |
|---|---|
| Members | 6 |
| ATMs | 230+ |
| Founded | 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
editatm⁵ is the primary network of the following banks listed below:
| Bank | Number of participating ATMs | Minimum withdrawal per transaction |
|---|---|---|
| Citibank Singapore | 25 | $100[1] |
| Maybank | 25 | $10[2] |
| HSBC | 23 | $10[3] |
| State Bank of India | 25 | $10[4] |
| Standard Chartered Singapore | 20 | $10[2] |
| Bank of China | 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
editReferences
edit- ^ "Our Branches - Citibank Singapore - Location". www.citibank.com.sg.
- ^ a b "Contact Us | Maybank2u.com Singapore". info.maybank2u.com.sg.
- ^ "atm5 Locations | Bank of China @ Singapore". www.bankofchina.com.
- ^ ":: SBI Singapore - Branch/ATM Locator ::". Archived from the original on 2008-10-18. Retrieved 2016-08-07.
- ^ "atm5 Network | Bank of China @ Singapore". www.bankofchina.com.
- ^ "ATMs Locations | Bank of China @ Singapore". www.bankofchina.com.