Which? comments on latest ATM closure figures as LINK publishes new data

Gareth Shaw, Which? Money Expert, said:

“Free-to-use cashpoints are disappearing across the country and the spike in the rate of closures for supposedly protected machines in remote and rural locations is particularly concerning.

“Millions of people are still reliant on cash in the UK and our research has shown the less well-off and older generations are most at risk of suffering financial and social exclusion through the double blow of ATM and bank branch closures.

“The regulator must intervene to stop these closures and urgently review measures to protect cashpoints, as the consequences of inaction for consumers and businesses affected by these changes are potentially dire.”