Forecourt Trader - 30 years at the heart of the fuel retailing community

ACS calls for action over rapid loss of free-to-use cash machines

John Wood ·
ATM keyboard

The Association of Convenience Stores (ACS) has called for urgent action to secure consumers’ access to cash after Which? reported a massive increase in the number of cash machines being converted to charge fees.

Figures obtained by Which? show that fees of at least 95p per withdrawal have been imposed on 1,700 machines between January and March this year. Which? reports that around three quarters of these fees have been introduced in March alone.

ACS believes LINK’s reduction of the interchange fee for ATM transactions has prompted the changes.

ACS chief executive James Lowman said: “LINK’s decision to cut interchange fees was designed to reduce the number of cash machines operating in the UK, but with banks also withdrawing from high streets and town centres at an alarming rate, there are significant gaps appearing in provision, leaving convenience stores as often the only place where consumers have free access to cash.

“With hundreds of machines a month now either being moved to a pay-to-use model or taken away completely, access to cash is suffering irreparable damage. Action must be taken now to ensure that all communities in the UK can access their cash when they need it.”

Want more stories like this in your inbox?

Sign up for our FREE email newsletter

Keywords:

  • Weekly
    Retail
  • Weekly
    wholesale
  • Daily
    Average
Weekly retail fuel prices: 20 May 2019
RegionDieselLPGSuper ULUL
East135.9360.77140.55130.16
East Midlands135.28141.26129.82
London135.21142.69130.48
North East134.06140.71129.20
North West134.87139.96129.27
Northern Ireland131.95135.90127.71
Scotland135.09139.31129.71
South East135.9463.57142.34130.70
South West135.01139.53129.65
Wales134.52138.23128.74
West Midlands134.83141.89129.64
Yorkshire & Humber134.1257.70141.27129.10

Most read

Following last month's London protests and damage to Shell's UK HQ, do you believe forecourts should be preparing themselves in case of possible attacks by climate change campaigners?