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Free cashpoints: can they really take them away from us?

23rd January 2018

Photograph of Free cashpoints: can they really take them away from us?

A Which campaign is highlighting the threat to Free cashpoints.

Recent Which? research has identified more than 200 communities in Britain have poor access to free (or any) cashpoints.

The Which web site says "We recently discussed the possible closure of around 10,000 of the circa 70,000 free cashpoints around the UK. Many of you shared your concerns about this so we've called on the Payment Systems Regulator to investigate...

Link, the UK's cash machine network, whose members include all the main debit card providers, is proposing to cut interchange fees by 20% over the next four years.

The consequence of this fee change is that some cashpoint providers could either remove cash machines because they'd no longer be profitable, or make up the loss by charging you to withdraw money."

See the campaign on the Which website HERE