Dynamic Business Logo
Home Button
Bookmark Button

Watch out how much you drink in the pub because you may be charged a massive fee from the ATM without even realising it.

Fresh off the back of the Reserve Bank’s amendments to ATM fees, iCash has introduced the CashPod, dubbed a “unique selling point” for pub owners allowing them to substantially raise ATM fees late at night.

According to iCash sales consultant Peter Pigott, the machine gives the pub owner the ability to program direct charge fees into the machine to correspond with the time of the day to any amount they please.

“Let’s say on a Saturday night you wanted to charge $1.50 for a particular fee… after 11 o’clock you can increase that to $2.”

The move is set to outrage consumers as it will allow operators to take advantage of customers when they might not be thinking rationally.

There are currently 10 CashPods in operation across Australia, but by the month’s end there will be upwards of 50 in pubs and clubs, according to iCash executive chairman James Manny.

People who read this, also liked:
ATM Fee Reform: Continue or Cancel?

What do you think?

    Be the first to comment

Add a new comment

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

View all posts