1. Chat

Quarter of All UK Cash Machines Now Charge Fees

In the News

https://www.theguardian.com/money/2020/feb/07/quarter-uk-cash-machines-charging-fees

I guess the banks are trying to make as much money as possible - it’s their forte after all

hspexy
over a year ago
What do you think of this?+20 points
Advertisement
sunny101

If I need to draw cash then I always get it when I am in a supermarket at the till. I resent paying charges at a cash point that could be rigged. Scammers have gotten quite sneaky.

Like
Reply1
hspexy

Same here. There was one time I was in Bali when an elderly couple staying at the same hotel had their card swallowed up by an ATM and returned to ask if they could borrow the phone to call internationally to the bank to cancel the cards. Apparently there are a lot of fake ATMs in Bali so the quicker they could cancel their cards, the better

Like
Reply1
Chelsea0121

Personally think its wrong to charge you for your own money your working hard to earn. I usually ask for cashback at the tills or go to my local bank and withdraw.

Like
Reply1
Mango4

Although I am against fee paying cash withdrawals , I understand why some places charge. the machines are usually owned by third party companies rather than the banks , and there must be a cost involved in purchasing, siting, maintaining , and actually stocking the machine with money , someone has to pay for all that hence the fee, don't believe any of the banks actually charge, but they are not always as convenient .

Like
Reply1
Mummy18

I would never pay to withdraw my own money. They have such a cheek! I would rather go without or go for a stroll to find another one

Like
Reply
davidstockport

Why isn't the title of this topic: "Three Quarters of All UK Cash Machines Don't Charge Fees"?

Let's be a little more positive!

Like
Reply1
hspexy

Because that would imply the banks have increased the number of free cash machines - when we all know that they’ve actually been removing them. No point dressing something up as something it’s not

Like
Reply
davidstockport

hspexy It's got to be remembered though that the use of ATMs is declining, I have personally only used one once this century, when I needed actual cash in a hurry, I ensured it was one of the 75%, or more, that didn't charge though.

With cash back, from debit cards (the same cards used at ATMs) at most retailers, ATMs, are becoming almost redundant.

I did read that the banks are planning to pay retailers to give "cash back" without any purchase being necessary.

Like
Reply
BonzoBanana

I don't use ATM's very much but if I see it has a fee then it might as well not exist because I will never use it.

Like
Reply
ShellyAnn

I will not use ATMS that charge fees. I will go inside my bank and redraw cash rather than pay.

Like
Reply
LeighReidAtanas

This is ridiculous having to pay to withdraw your own money. Another money making scheme.

Like
Reply
PhilipMarc

What a rip off. The main ones who will fall to this are the elderly as they can't travel too far to get their money from an ATM without fee. Or from their bank.

Like
Reply
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Tom Church
Co-Founder &
Chief Bargain Hunter
Tom Church, Co-Founder
Want deals & discounts automatically?
+100 bonus points!
Latest Deals Browser Extension
Latest Deals Mobile App
  • Download our app
  • 1,000+ new deals every day
  • Earn free Amazon vouchers
  • Daily deal alerts - never miss the best offers!
  • Download the Latest Deals iOS AppDownload the Latest Deals Android App
Latest Deals
Disclaimer

The content on Latest Deals is a combination of information submitted by members of the public and the Latest Deals team. Whilst we make every effort to try and ensure genuine, accurate content we cannot guarantee it. Please always carry out your own due diligence and double check the details of an offer on the retailer's own website.

How this site works
  • To cover the site's running costs, Latest Deals uses affiliate links.
  • If you click on a link to an external website and make a purchase, Latest Deals may earn a commission.
  • We allow deals to be shared on Latest Deals irrelevant of whether or not they generate us money. Our #1 concern is helping you save money.
  • If you have any questions about how the site works, drop us a message. We're always happy to help.
Copyright © 2024 Latest Deals Limited
Registered in England and Wales. Company number 10286141. WeWork 6th Floor, International House, 1 St Katherine's Way, E1W 1UN
We value your privacy

We use cookies to help give you the best experience on our website with improved customisation, analytics & advertising (inc. personalisation). You can read our full cookie policy. Please either , or .