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Cash Dispensing: Surcharges

Question for HM Treasury

UIN 61283, tabled on 23 January 2017

To ask Mr Chancellor of the Exchequer, what recent steps he has taken to protect consumers from high levels of surcharging when they withdraw cash from their accounts.

Answered on

26 January 2017

Rules governing ATM surcharging are currently set by the LINK scheme, a commercial arrangement that manages the network that connects the UK’s ATMs.

LINK statistics show that the number of free-to-use ATMs is at an all-time high of over 53,000 and over 98% of all ATM cash withdrawals by UK cardholders in the UK are made free of charge.

LINK runs a financial inclusion programme which subsidises free to use ATMs in areas without existing access. LINK has identified 1,694 rural and/or deprived ‘target’ areas, and 87% of these areas are now served by 916 subsidised cashpoints, up from 171 in 2007.

Answered by

Treasury
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