HSBC Gift-Aid facility added to ATMs

www.moneynews.co.uk > Banking > HSBC Gift-Aid facility added to ATMs

HSBC Gift-Aid facility added to ATMs

Tue 28th Mar 2006

A HSBC Gift-Aid facility will now be available through its automatic teller machine (ATM) technology across the country.

Gift-Aid allows charitable donations to be made without being taxed, giving recipients of contributions the opportunity to reclaim any income tax paid on the amount they receive.

The bank claims to have been the first organisation to introduce the ability to make charity donations when it did so last November, following the commencement of the initiative in Mexico.

"Now it's clearly a hit over here in the UK too as we've seen a 'Mexican wave' of charitable giving at our ATMs – over 5,500 individual donations, totaling £100,000, have been made to Children In Need in the last five months," said David Nibloe, head of HSBC self-service.

The bank's figures report that customers donate an average of £17 when they use one of its machines to give to charity and that the biggest contribution received so far was in Mayfair, where someone gave £500.

As well as the HSBC Gift-Aid facility addition, the bank also announced that it was making mobile phone top-ups available through its cash machines and that it will be spending £50 million on adding 500 new cash machines to its current ATM network.

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'

Related News : HSBC
	HSBC commits to 15bn mortgage deals in 2012
	HSBC to offer deals for 2012
	HSBC advises mortgage holders to save for second purchase
	Renting out a room 'could shorten offset mortgage repayments'
	First Direct reveals lack of saving awareness in Britons
	HSBC and First Direct named top mortgage lenders
	New HSBC deal allows customers to switch to fixed rate mortgages
	HSBC finds pessimism over ability to secure mortgages
	HSBC welcomes pensions calculator change
	Pensions calculator advice important, says HSBC