In order to meet clients, we often have to travel to smaller towns in India with population below 1mn. One of the most noticeable things about these small towns is how much harder it has become in the last couple of years to get cash from ATMs. Initially, we used to think this was because [.]
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Parts of the UK risk becoming "cash deserts" if a row over ATM fees is not resolved, an industry body warned on Friday. Worst-hit areas set to be rural south-west England, Scotland, and urban south-east England outside London, according to the ATM Industry Association.
An escalating row over fees could see UK high streets turn into "cash deserts" as thousands of ATMs are put under threat of closing according to a report by the ATMIA. The ATMIA is now calling for the Government to intervene in the row between the systems provider Link and the banks.
Scotland is on the front line in the fight against "cash deserts" Scotland is on the front line in the fight against "cash deserts". Scotland is on the front line in the fight against "cash deserts" Scotland says won’t match Osborne’s tax cuts for rest of UK Yahoo! Tue, Mar 22, 2016 07:40:00 AM PT.
Fears have been raised that more cash machines could start charging fees or be removed if the current arrangements for sharing the cost of the network broke down. The ATM Industry Association warned there were risks that "cash deserts" could be created.
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Hundreds of cash machines closing monthly – Which?
The testimony was given in front of the U.S. House Subcommittee on Financial Institutions and Consumer Credit, chaired by Rep. Per the study, there are 470,135 ATMs in service in the U.S., but banks and other financial institutions only hold 191,741 of these.