Rapid loss of free ATMS revealed
A shocking fall in numbers of free-touse cashpoints has been revealed.
Consumer site Which? has released a constituency-level breakdown showing where the availability of free cash has been reduced. It reveals the region lost 49 free-to-use cashpoints between January 2018 and May 2019, with the biggest reductions on Anglesey and in Clwyd West, which each lost eight.
Meanwhile, over that time, there has been an increase in fee-charging sites, with an extra 18 in North Wales.
The cuts have been attacked by business and political leaders.
Mike Learmond, FSB North Wales senior development manager, said: “Many small business owners across North Wales still have customers that want to pay cash, particularly in tourism towns, where overseas visitors may not wish to incur credit card charges.
“It’s vital that banks, regulators and the UK and Welsh Government work together to arrest the decline of our cash network. Otherwise we risk yet another blow to our high streets: reduced footfall and less cashflow in local economies.”
The changes come after a reduction in the fees operators receive from banks.