Treasury Committee seeks detailed assurances from LINK on continued ready access to cash

Wednesday, November 29, 2017

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by D Smyth, ATMIA

LINK is planning to cut ATM interchange below the amount set by their transparent annual cost evaluation.  The UK ATM network published an internal-only consultation paper with a planned implementation date of April 2018.

ATMIA and other industry and financial inclusion parties have raised concerns about the impact this will have on ATM availability and public access to cash.  Tthe Treasury Committee has now stepped in to request detailed plans from LINK on how it will monitor resulting ATM closures to ensure public access to cash and financial inclusion.

The issue is a key topic in the media.  A few links are given below for your further reading, and items are being added to the ATMIA Library on a regular basis (key words ATM interchange).

BBC News:         Free ATMs 'must be available across UK'

The Guardian:    Treasury committee demands answers on cash machine closures

Financial Times: ATM operators pressed for details of closure plans


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