Pirate FM News

Cornwall has lost 20 free cash machines in two years

Cornwall has lost 20 free cash machines in two years

Published by Sarah Yeoman at 9:43am 9th May 2019.

It has been revealed that Cornwall has lost more than 20 free cash machines in the last two years.

The new figures come amid warnings that the UK's cash system is "falling apart".

There were approximately 389 free cash machines in Cornwall at the end of 2017, according to data from the cash machine network Link.

But the latest figures show this had fallen to 368 by February 2019, a reduction of 5%.

Overall, there are were around 487 cash machines in Cornwall in February, including those that charge a fee for withdrawals, down from 513 in 2017.

The data is collected by parliamentary constituency, meaning some cash machines could be across the border in a neighbouring local authority.

An independent review into the accessibility of cash in the UK published in March warned that millions of people could be left behind if the country "sleepwalks into a cashless society".

The report found that around 8 million adults – 17% of the population – were still reliant on cash and would struggle to cope in an entirely digital economy.

These included people in rural communities, those on a low income who may struggle to budget without cash, and older people or people with disabilities who rely on cash for their independence.

"There are worrying signs that our cash system is falling apart.

"ATM and bank branch closures are just the tip of the iceberg – underneath there is a huge infrastructure which is becoming increasingly unviable as cash use declines.

"We need to guarantee people’s right to access cash, and ensure that they can still spend it."

Natalie Ceeney, chair of the Access to Cash Review

A recent report by consumer watchdog Which? found almost 1,700 previously free cash machines had begun charging users between January and March of this year.

Cardtronics, the UK's biggest cash machine operator, blamed a recent move by Link to cut the fee operators receive from banks for providing free cash.

The fee was reduced from 25p per withdrawal to 20p.

"We have been forced into charging a fee for cash withdrawals on some of our machines where Link's cuts have left us with no choice.

"As banks continue to execute their strategy of branch closures nationwide, this leaves independent ATM deployers to fill the gap by providing local cash access for communities.

"Worryingly, vulnerable people and rural communities are disproportionately affected as the cost of cash access is passed on to consumers."

A spokeswoman for Cardtronics

A spokesman for Link said the UK continued to have an excellent ATM network, with 50,000 free-to-use machines – 10,000 more than in 2010.

Contact Us

If you would like to submit a query or provide more information on this story please get in touch below.

Please wait...
  • Up to 3 JPG or PNG images, 2MB max size
  • We will always endeavour to credit you when we publish your pictures.
  • By uploading you are agreeing to this non-exclusive reuse, royalty-free, across all Pirate FM platforms, which extends to our partner broadcasters.
  • You retain copyright to all images.
  • If you would like to send us a video, please upload to YouTube or similar and paste the video URL into the message above.
Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Pirate FM

Pirate Extra Pirate 70s Escape LoveCornwall