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Free cash machines being rolled out |
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Tuesday, 19 June 2007 |
More than one million low-income earners stand to benefit from the introduction of hundreds of non-fee charging cash machines across the UK according to the Westminster government.
Treasury Minister Ed Balls and Labour MP for West Dunbartonshire John
McFall – also chair of the ATM working group – said that the benefits
from access to the non-charging ATMs would be immediate.
ATMs that charge – often as much as £1.50 – for withdrawals
particularly affect those on low or fixed incomes. In some areas, known
as ATM deserts, there are no fee cash machines at all.
Balls said: "The free cash machines already in use are enabling over
260,000 residents in low-income areas to access cash more easily, with
a further 822,000 standing to benefit from the confirmed free cash
machines still to come on stream.
"More than one million people in low income areas therefore will soon
be benefiting regularly from not having to pay ATM charges and they
will no longer have to travel to non-charging machines outside their
own neighbourhood to withdraw cash."
McFall said: "This is a huge step forward in our campaign for financial
inclusion. I'm encouraged by this momentum and hope it continues. The
parties involved deserve congratulations for their constructive and
innovative work, which means a hugely increased access to free cash
machines for people in low-income areas, which is vital for economic
activity in those areas."
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Last Updated ( Tuesday, 19 June 2007 )
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