12/5/2023 0 Comments Cash point atm review![]() The dramatic increase in contactless payments for small transactions is making cash less necessary, but Which? said the planned fee cut was making it more difficult for independent operators to survive. In June, Which? revealed cash machines around the UK are closing at a rate of 300 a month, with rural communities worst affected. Link will therefore adjust interchange to maintain free-to-use coverage in line with our commitments to the public and to our participants.” “However, many consumers are turning to alternatives to cash more quickly than expected, and usage of ATMs is now dropping at 6% per annum. Link’s chief executive, John Howells, said: “Link is committed to maintaining the UK’s extensive coverage of free-to-use cash machines for many years to come. However, the next planned cut in June 2019 will still go ahead. The cuts would have saved banks millions of pounds in charges, but after an outcry from campaigners and concerns from regulators, they were partially abandoned.Ī third reduction in fees, due in January 2020, has been cancelled, while the fourth, scheduled for January 2021, has been put under review. ![]()
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