Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Threat to thousands of rural cash machines will be investigated by MPs

Post Thumbnail

The threat to thousands of rural cash machines will be investigated by MPs next week.

Westminster’s Scottish affairs committee will examine the long-term future of Scotland’s cash machine network, particularly in rural areas, in light of proposals to change the way it is funded.

A reduction in fees paid by banks to fund the network, from 25p to 20p per withdrawal, has been announced by LINK, which is responsible for 82% of all UK cash machine withdrawals.

Link has said the change is designed to maintain and re-balance the UK’s cash machine network and has included measures designed to incentivise provision for rural and less affluent areas, removing fees and increasing subsidies for machines in poorly-served areas.

But committee chairman Pete Wishart said there are concerns the proposals have been driven by pressure from banks to reduce costs and don’t reflect the needs of consumers, with the Federation of Small Businesses warning that the proposals risked the closure of thousands of free-to-use cash machines.

“There are concerns the proposed changes to these fees could cause the loss of thousands of free-to-use machines,” he said. “While alternatives to cash are becoming more common, going cashless simply isn’t feasible for many people.

“In rural and urban areas, quick and easy access to cash remains a vital resource and is essential to the health of the local economy.

“However, even now, in major towns and cities as well as the countryside, it can be all too difficult to access cash.”

The session on Tuesday will hear from the chief executive of Link as well as service providers and consumer groups to gauge the impact of the plans.

Already a subscriber? Sign in

[[title]]

[[text]]

More from the Press and Journal Scottish politics team

More from the Press and Journal