Link cash machines to start charging for transactions?


#1

seems like boring non-news but it seems like another step on the road to a cashless society where every transaction can be traced and it will be yet another change that is more painfully felt in less well off areas.


#2

This seems like a bit of a sad, backwards step. I’m sure Citizens Advice did some work on this when I was there, relating to the prevalence of fee-charging ATMs in areas of high deprivation.


#3

Why is this bad for less well off people? If you have a card to get money our of a cashpoint then you can use it for buying stuff too… can’t you? Unless people have cash machine cards only.


#4

people do have cash machine cards only

also lots of socio-reasons that mean the less well off use cash more often


#5

^this, plus a higher proportion of businesses in less well off areas are cash only or have a higher minimum spend on card


#6

what is a link cash machine though


#7

Pretty much every cash machine


#8

One between two houses


#9


#10

It means it’s part of the agreement between different banks not to charge fees when withdrawing money.


#11

^this, plus benefits are now paid into accounts rather than in cash, so claimants HAVE to use a machine to access money.


#12

Also the general move to a cashless society hurts people on lower incomes more (service based industries esp.)


#13

Or go into banks like everyone did 40 years ago. I’m not saying this is good but we are heading to a cashless society and ain’t nothing changing that.


#14

seen the sign everywhere obvs, just no idea what it actually meant. so if i’m a HSBC customer it’ll be free to use an RBS machine because it’s a link machine?

are certain banks members of the link agreement or does it vary for individual machines?


#15

easier to budget if you only pay in cash


#16

My mum will still only use Natwest cash machines ‘in case she gets charged’.

This is a ball ache, though. There are still loads of instances where you need to have cash.


#17

The Link agreement was originally negotiated by the Co-op (I think), and includes just about every bank now.

You’re probably too young to remember, but about twenty years ago you used to have to go to a cash machine in your specific bank if you wanted to withdraw money without paying a fee.


#18

Cashless society would reduce a lot of crime though, bright side


#19

That’s Mr Brightside to you!


#20

@harru @JDonBalonz

over a million adults in the UK dont have a bank account