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LINK 'Working Hard' To Keep Cash Machines Free

  • Written by Lucy

banks working hard to keep cash machines freeLINK - the operator of the UK’s ATM network has said it is working hard to keep cash withdrawals free for millions of bank customers.

Fears have been expressed by some in the industry that a breakdown in the current agreement could result in more cash machines charging a fee.

LINK operate a network of 70,000 ATMs in the UK and have said that it's commercial model is “under review”.

Some banks are thought to be unhappy about the fees they currently pay and as a result all thirty eight members of the LINK network are due to have a series of meetings to try to reach an agreement.

At the moment around 75% of ATMs are free to use.

Peter McNamara, the Chief Executive of Note Machine, a member of LINK, told BBC Radio Five Live: “If the proposals that are being put forward by LINK went ahead, we estimate that you could be losing up to a quarter of the free-to-use ATM sites in the UK.”