Forces Financial teams up with bank machine to offer free-to-use ATMS to the military community

Released on = November 22, 2006, 4:42 am

Press Release Author = Forces Financial

Industry = Financial

Press Release Summary = Forces Financial teams up with bank machine to offer
free-to-use ATMS to the military community.

Press Release Body = Forces Financial teams up with bank machine to offer
free-to-use ATMS to the military community.

Forces Financial is offering the commander of every UK military establishment a
non-charging cash machine. Forces Financial believe that the seven-year deal made
with founding independent ATM operator, Bank Machine, has the potential to return
almost 18m worth of charges direct to the bank accounts of members of the British
Armed Forces and their families.

Historically the size and location of many military establishments has made it
difficult for serving personnel and their families to access the nearest
non-charging machine. The type of duties and the security issues surrounding
military life can compound this. The provision of free-to-use cash machines will
make life easier and cheaper for all those living and serving on bases around the
country. In addition the facility will mean that the withdrawal of small amounts
will no longer be penalised by proportionally high charges, helping troops manage
their budgets, whilst reducing the risks associated with carrying large amounts of
cash.

Commenting Al Voice said:
"I was aware that the military had been disadvantaged by not receiving a free ATM
service. The majority of the military estate is served by charging ATMs but there
are some locations serviced by free-to-use machines, however these currently amount
to fewer than 10% of the estate portfolio. I wholeheartedly applaud Bank Machine
for their commitment and long-term vision - this is not a bogus offer whereby the
machines have to be self-filled or have other restrictions, but a genuine, fully
serviced facility, jointly branded Forces Financial and Bank Machine. I am looking
forward to working with base commanders to get these machines installed across the
country - Ron Delnevo and his very experienced team at Bank Machine are ready and
waiting."

Bank Machine Managing Director Ron Delnevo responded:
"We are delighted to be working with Forces Financial to provide free-to-use cash
machines for military personnel and their families - a service which has been some
what lacking in recent years. We hope to install over 200 brand new state of the art
ATMs over the next two years, covering every military establishment in the UK. Bank
Machine created the independent ATM service in the UK and has continued to lead
innovation since then. We are proud to be working with Forces Financial on this
ground-breaking project."

Forces Financial focuses on providing insurance and financial services for serving
and retired members of the UK Police and Armed Forces, and the MOD. The company
results from the purchase of the NAAFI Financial services business from NAAFI and
Close Brothers Military Services by the R3: Group and the existing managing director
Al Voice. The offer of free cash machines is the first of many new initiatives
planned by Forces Financial to bring added value to those in the British Armed
Forces.

Web Site = http://www.forcesfinancial.com

Contact Details = Tel: 01722 342648
Fax: 01722 342511

Forces Financial
Britannia Suite
Old Sarum Park
Salisbury
SP4 6ES

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