East Riding has lost 10 free cash machines in six months

The East Riding has lost 10 free-to-use cash machines in just six months, figures suggest, amid warnings that the UK's cash system is 'falling apart'.
The East Riding has lost 10 free-to-use cash machines in just six months, figures suggest, amid warnings that the UK's cash system is 'falling apart'.

The East Riding has lost 10 free-to-use cash machines in just six months, figures suggest, amid warnings that the UK’s cash system is “falling apart”.

There were approximately 394 free cash machines in the area at the end of September 2018, according to data from the cash machine network Link.

But the latest figures show this had fallen to 384 by February.

Overall, there are were around 451 cash machines in the East Riding of Yorkshire in February, including those that charge a fee for withdrawals, down from 466 in September.

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

Natalie Ceeney, chair of the Access to Cash Review, said: “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.”

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.

A spokeswoman for Cardtronics said: “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 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.

He continued: “As more consumers use alternative payment methods to cash, it’s important that we continue to have a broad, extensive UK-wide free-to-use network.

“That means fewer ATMs in built-up areas where they are often over-serviced and protecting ATMs in rural and remote areas.”

Article by data reporter Harriet Clugston