Falling Number

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, the municipalities can go request a free-of-charge to use the ATM for your area, if you find it hard to cash.

Link, which oversees the UK network of cash machines, has a £1m Fund to pay for ATMs in so-called cash-desert, although they only Fund 40 to 50 machines.

He said, more money could be added to the funds, if the service enjoyed great popularity.

criteria for successful bids are a lack of nearby ATMs, a safe place found, and no Post Office access.

A report released This Week by banking industry Association in the Uk Finance said that it 52,358 free-to-use machines in the UK by the end of 2018. A further 11,002 pay-to-use machines were also in place.

a total of 2. 4 billion withdrawals were taken from these machines in the last year, with £193bn of cash.

The Number of withdrawals from ATMs dwarf the alternatives, the consumer cash can access, such as debit-cards-cashback (150 million withdrawals in the year 2018) and over-the-counter withdrawals (55 million in the year 2018).

Consumer groups and activists have expressed concerns over the decline in The Number of ATMs in the UK.

the consumer organization Which? recently, she revealed that free-to-cash machines.

The organization, and Natalie Ceeney, need to put together an independent report that calls for the guarantee of the Chancellor, and Sajid Javid , one can keep of cash if you have it.

He called for an independent body, financed, Set Up by the banks, would step in, if local communities were to have access to cash in stores and ATMs to be running short.

The new scheme, you are not going from Link so far, but allows municipalities - individually or through the MP or Council - request help, a direct Link to Fund new cash machines. The Link Fund is financed from the own bank and building society members.

the Bar fight in the battle

applications are now being taken, although 11 sites were already identified, directly ATMs installed.

they are: offer, Ebbw Vale , Margate, Middleton, Wilmslow and York, as well as pilot sites in the battle, Bungay, Suffolk, Nuneaton, Tywyn, and Durness.

Battle in East Sussex , was successfully traveling as a tourist to visit the area on a Sunday, the battle of Hastings pages were not in the position to cash, as the Post Office is closed That Day each week.

for Each application a similar ATM would have to meet criteria, such as, for example, whether a dealer or Council can find a safe place to host The Machine . If there is another free-to-use ATM in a 1-km reach in the community, no specific geographical challenges, it, applications unlikely to be successful.

John Howells, chief executive of Link, said: "[We] look forward to The First requests for the ATM-so we can help access to cash issues all over the Kingdom. "

'Only a tiny bandage'

Peter McNamara, chief executive of independent ATM operator note machine, told The Link fund was "a small bandage on a massive wound", saying that the new ATMs would not be much of a difference, when thousands had already closed.

He said that Link had pushed two cuts in the fees banks pay to the operator Each Time your customers from a non-bank machine.

As a result, he argues, many of the ATMs had become uneconomical and were Taken Out of the free-to-use for charging the consumers. Branch closing had led to lost go to the ATM, he said.

But The Federation of Small businesses (FSB), described the Fund as "a promising step in The Right direction".

"When an ATM is removed from a local area, we know that it is particularly difficult to get one re-installed later, and we hope this step can help," said FSB Chairman Mike cherry.

Link said it was also find the support of a scheme by the Uk Finance and run on the UK banking and finance industry, with the aim of way that the municipalities can access the Bar, or be guided, in the other methods of payment for goods and services.

uk banking, personal finance, atms, money

Source of news: bbc.com