HSBC backs down on higher ATM minimum

HSBC has cancelled a plan to raise the minimum cash withdrawal at ATMs from HK$100 to HK$300 after strong criticism.

'We made the decision in response to the public's feedback,' a bank spokeswoman said yesterday. She declined to comment further.

The Consumer Council's chief executive, Connie Lau Yin-hing, welcomed the U-turn.

'It is good that the bank can listen to the public's view,' she said.

The Society for Community Organisation, a grass-roots concern group, also welcomed the change.

'The bank should shoulder more social responsibilities. It makes so much money every year,' community organiser Sze Lai-shan said.