You are here: Home - Saving & Banking - News -

Communities can request a free-to-use cashpoint for their local area

Written by:
A new initiative means communities will be able to request a free ATM for their local area if they think it’s too hard for residents to access cash.

Link, the UK’s biggest ATM network, said people will be able to apply for a free-to-use cashpoint through their MP, local council, or directly through them from November.

Link will fund the new ATM directly if it meets certain criteria, including distance to nearest free cashpoint, availability of a Post Office, site security and a suitable location.

John Howells, chief executive of Link, said: “This is an important development which will allow communities to directly contact Link and get things done to help consumers. Link is looking forward to getting the first requests for ATMs so we can help solve access to cash issues across the whole UK.”

Free-to-use cashpoints have been disappearing from high streets at an alarming rate as cash usage declines.

According to Which?, some 1,700 cash machines were converted to charge fees in the first three months of this year alone.

And one in 10 free cashpoints across the country closed or switched to fee-paying in a 17-month period.

A report by the consumer group last month showed poorer communities are being hit hardest by the move to fee-charging ATMs, which charge up to £2 per withdrawal.

Which? and Natalie Ceeney, independent chair of the Access to Cash Review, have written to chancellor Sajid Javid, calling on the government to guarantee people can get hold of cash if they need it.

Ceeney said: “With ATM numbers declining, cash use dropping, and more and more shops not accepting cash, our fear is that the UK will fast go cashless, leaving millions of people behind.”


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

Low-income pensioner? You could gain £3k top-up

Hundreds of thousands of retirees struggling with a low income are missing out on Pension Credit worth £3,300...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week