{"id":42493,"date":"2017-02-01T02:55:37","date_gmt":"2017-01-31T19:55:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-duty-to-provide-free-atms-and-keep-branches-open-letters\/"},"modified":"2017-02-01T03:14:53","modified_gmt":"2017-01-31T20:14:53","slug":"banks-duty-to-provide-free-atms-and-keep-branches-open-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-duty-to-provide-free-atms-and-keep-branches-open-letters\/","title":{"rendered":"Banks\u2019 duty to provide free ATMs and keep branches open | Letters"},"content":{"rendered":"


\nI note the current negotiations over the future of the ATM network (Fees row may lead to charge for Link cash machine withdrawals, 19 January). In 2005, I led a Treasury committee inquiry into cash machine charges which found hundreds of local areas where consumers were being hit with high charges. In Speke, a low-income area in Liverpool, consumers faced charges of \u00a31.50 for making cash withdrawals. I established a working group including banks, consumer groups and ATM operators. The banks unanimously committed themselves to the long-term future of a large network of free cash machines and a \u201cfinancial inclusion premium\u201d was introduced for operators of free cash machines in 1,500 under-served low-income areas.The importance of the free-to-use ATM network has increased as banks have closed 1,000 branches in the past two years. It would be a disaster for the banks, as well as consumers, SMEs and low-income areas, if we returned to the position of the 1990s, when a confusing patchwork of agreements caused many consumers to pay excessive cash machine charges and penalised challenger banks. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Banks\u2019 duty to provide free ATMs and keep branches open | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I note the current negotiations over the future of the ATM network (Fees row may...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-42493","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-b3n","jetpack-related-posts":[{"id":93961,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fears-of-uk-cashpoint-deserts-lead-to-scaling-back-of-atm-fee-cuts\/","url_meta":{"origin":42493,"position":0},"title":"Fears of UK cashpoint 'deserts' lead to scaling back of ATM fee cuts","date":"July 16, 2018","format":false,"excerpt":"\r UK\u2019s largest ATM network alters planned reductions in fees paid by banks to operatorsPlans to slash the fees paid by banks to cash machine operators have been scaled back after they prompted fears of ATM \u201cdeserts\u201d appearing in parts of the UK.The U-turn came less than a month after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74502,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/link-atm-network-vows-to-retain-free-cash-machines-1km-apart\/","url_meta":{"origin":42493,"position":1},"title":"Link ATM network vows to retain free cash machines \u2013 1km apart","date":"December 14, 2017","format":false,"excerpt":"\r Operator seeks to calm \u2018ATM desert\u2019 fears but critics say pledge suggests town centres could be left with just one free machineThe Link network is attempting to counter claims that changes it is making to the way it operates will create \u201cATM deserts\u201d by pledging to protect free-to-use cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/link-atms-proposals-tabled-in-bid-to-keep-cash-machines-free\/","url_meta":{"origin":42493,"position":2},"title":"Link ATMs: proposals tabled in bid to keep cash machines free","date":"January 24, 2017","format":false,"excerpt":"\r Crunch meeting of on Thursday could decide future of network, through which 97% of withdrawals are freeLast-ditch proposals to overhaul the way the Link cash machine network operates have been tabled in a bid to avert charges for bank customers withdrawing money at thousands of ATMs.A number of ideas\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30343,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plans-to-overhaul-cash-machine-network-in-uk-could-cut-atm-numbers\/","url_meta":{"origin":42493,"position":3},"title":"Plans to overhaul cash machine network in UK could cut ATM numbers","date":"October 17, 2016","format":false,"excerpt":"\r Members of UK Link system are debating how to reduce its \u00a3900m a year cost as customers move to new payment methods A major overhaul of the UK\u2019s 70,000-strong cashpoint network, Link, is under discussion in a move that could lead to the closure of a large number of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plan-to-shut-free-to-use-cash-machines-could-lead-to-atm-deserts-in-uk\/","url_meta":{"origin":42493,"position":4},"title":"Plan to shut free-to-use cash machines could lead to \u2018ATM deserts\u2019 in UK","date":"November 1, 2017","format":false,"excerpt":"\r Industry lobby group warns of catastrophe and urges government to step in to prevent closure of 10,000 Link ATMsOne in five of the 55,000 free-to-use cash machines in the UK could be at risk of closure after proposals were announced to change the way the ATM network operates.Concerns arose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2216,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/german-bank-fidor-steps-up-fight-for-uk-current-accounts\/","url_meta":{"origin":42493,"position":5},"title":"German bank Fidor steps up fight for UK current accounts","date":"January 21, 2016","format":false,"excerpt":"\r Customers are being offered a debit card, but only first three ATM withdrawals will be free An online challenger bank from Germany is taking on mainstream UK banks with a revamped current account.On Thursday Fidor announced the launch of a contactless debit card for its current account. However, its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42493"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=42493"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}