Rural communities worst hit by vanishing ATMs
Consumer group Which? has warned that more than 300 cash machines are being removed each month from Britain’s high streets, with rural communities the worst hit.
The issue is linked with the wider break-up of Britain’s banking system that has also seen hundreds of community branches closed. The ATM Industry Association says as many as 25,000 to 30,000 cash machines are likely to disappear from the UK’s current network of 55,000 free-to-use ATMs over the next few years. Which? and the Federation of Small Businesses have launched a campaign which urges the Payment Systems Regulator to conduct an urgent review to fully evaluate how the changes will affect communities and consumers.
Councillor Phil Bateman said “Luckily here in Wednesfield we still have access to two local Banks. This is an important facility for our High Street, as the Cash Machines they have on their sites generate footfall, and that is important to the other small independent traders, and the market.”