Skip To The Main Content
16 July 2018

LINK climbs down on cash points after calls from small firms

Responding to the announcement that LINK is cancelling one of its planned ATM interchange fee cuts and postponing another, Federation of Small Businesses (FSB) National Chairman Mike Cherry, said:

“LINK’s decision goes to show that a full, transparent review of the cash machine network should have been conducted before interchange fee cuts were introduced.

“It’s good that LINK is starting to see the light on this. In recent months, it’s seemed as though the announcement of cuts alone were enough to cause ATMs to start disappearing.  

“Too often, it’s small firms and vulnerable consumers in rural communities that need cash points the most who are impacted when the ATM network shrinks. Many of these communities are being hit by bank branch closures at the same time.  

“Reduced access to cash is hurting high streets all over the country and giving card payment companies free reign to up the charges they levy on small businesses. A full review of the cash machine network is needed before even more damage is done.”     

FSB and Which? launched the #SaveOurCashpoints campaign earlier this year.