Users will pay an initial membership fee of £1 for 24-hour access, £5 for seven-day access, or £45 a year. They can make unlimited journeys and the first half-an-hour will be free. On top of that, the London Cycle Hire charge for members will be £1 for a journey of between 30 minutes and one hour, £4 for up to 90 minutes, and £6 for up to two hours. Cyclists will use a new smart-card – similar to an Oyster card – to unlock the bike (Photo: TFL -Shows artist impression of bike station)
http://www.tfl.gov.uk/roadusers/cycling/12444.aspx
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