Rapid loss of free ATMS re­vealed

Bangor Mail - - News -

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.

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