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Gareth Shaw, Which? Head of Money, said: “These initiatives could have a really positive impact on communities that have seen sharp cuts to their cash machine and bank branch networks in recent years, which have forced some cash dependent consumers to travel unreasonable distances or face hefty charges to withdraw their own money. “However, in […]
Gareth Shaw, Which? Head of Money, said: “Millions of people rely on cash as they are not ready or able to take advantage of digital payments. However, rapid closures to the cash machine and bank branch networks in recent years mean that many of these consumers risk being abandoned by their banks. “Our research has […]
Gareth Shaw, Which? Money Expert, said: “While LINK is claiming it wants to maintain free access to cash, we’re concerned about its ability to do so, not least when it is facing a clear threat from banks to leave the network. “LINK’s plans could still lead to a significant reduction in free-to-use ATMs across Britain, leaving […]
Ahead of moves that could greatly reduce Britain’s free-to-use ATM network, Which? reveals consumer reliance on cash machines, with eighty percent of people finding access to free-to-use ATMs important to their daily lives and needs. Which? surveyed over 1,200 members to understand the impact that a potential reduction in free-to-use ATMs would have on the […]
Which? research has identified over 200 communities in Britain with poor ATM provision, or no cash machines at all, which might be hardest hit by proposals that could reduce the network. Which? is worried that proposals from LINK – the UK’s largest cash machine network – to lower its fees by 20% could lead to […]
Which? is urging the regulator to intervene to ensure that consumers are not left struggling to access cash, as new proposals cast doubt over Britain’s free-to-use ATM network. Which? is worried that LINK – the UK’s largest cash machine network – proposals to lower its interchange fee by 20% could lead to widespread closures of […]
Gareth Shaw, Which? Money Expert said: “These proposals could lead to a significant reduction in the number of free-to-use ATMs, leaving consumers without easy access to their cash free of charge. “The Treasury Committee is right to raise this issue and it now requires closer attention from the Payment Systems Regulator.”