The Greater Building Society today announced that it has joined the rediATM network, providing its customers with access to one of Australia’s largest ATM networks free of direct charges from June 1. 

Chief executive officer Don Magin said the Greater had joined the rediATM network to offer its 250,000 current customers better service and to assist with its plan to be the viable alternative to the major banks.

Mr Magin said that while customers will benefit from having even more convenient access to fee free ATMs locally, they will benefit most when travelling outside regional NSW and the Gold Coast. The move also provides new customers in Townsville with a ready-made network of 19 ATMs. The Greater established services in the north Queensland area in March. 

He said the Greater prided itself on offering low fees but last year’s introduction of direct charging at ATMs by the Reserve Bank of Australia meant its customers were disadvantaged if they had to use an ATM of another financial institution.

“Joining the rediATM network is another way we are helping our customers to reduce fees,” Mr Magin said.

“From June 1 Greater customers with a fee free account will be back to paying no fees at all if they use either a Greater ATM or a rediATM,” he said.

Adrian Lovney, general manager, Cuscal, said that the rediATM network is the second largest in Australia and has some of the best coverage in regional and remote areas, as well as metropolitan centres. 

“We are delighted to welcome Greater Building Society into the network, and hope that the move will be of great service to its customers in helping them access their money anywhere within Australia, without direct charge fees,” Mr Lovney said.

The Greater currently has 85 of its own ATMs, one of the largest networks of any Australian building society. The rediATM network has more than 3100 ATMs in rural, regional and metropolitan areas across Australia.

Cuscal developed the rediATM sub network in response to the introduction of direct charging in March 2009. Cuscal is the leading business-to-business provider of wholesale banking and transactional banking services to specialist retail financial institutions in Australia.

The Greater Building Society is one of Australia’s largest building societies and operates in regional NSW, the Queensland Gold Coast and in Townsville. The Greater has enlisted the support of Jerry Seinfeld to promote itself as a big, safe and much friendlier alternative to the major banks in regional Australia.

Media information: Craig Eardley on 0437 477 493 www.greater.com.au or www.rediatm.com.au