Access to ATMs 'at risk from fee change'

Access to ATMs 'at risk from fee change'

Thousands of free-to-use cash machines could be closed because of a cut in the fee operators receive from banks each time an ATM is used, the industry has warned.
However, the fee will be unchanged for free-to-use ATMs which are 1km or more from the next nearest cash machine.
The move is an attempt by Link, which oversees ATMs, to encourage operators to place machines in more remote areas.
But the ATM industry body said the move would see up to 30,000 ATMs disappear.
The fee, known as the interchange rate, will be reduced from 25p to 20p per withdrawal, in annual steps over four years, to... read more

31 January 2018 in Business, Views: 48
Source: BBC

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