A company that runs a fifth of the UK’s free cash machines will start charging customers nearly £1 to take out money.
Notemachine says it will introduce the new 95p withdrawal fee for about half of its 10,500 ATMS.
The move comes after banks slashed the 'interchange' fees they pay to ATM operators like Notemachine for each withdrawal from 25p to 22.5p.
Notemachine chief Peter McNamara told the Daily Mail: “It’s just not sustainable and it’s causing a collapse in the number of ATMs in the country.”
Other Notemachine ATMs, operated on behalf of supermarkets and other businesses, are likely to remain free.
At the moment there are 63,300 ATMs in the UK of which 11,100 carry a fee to use.
However, according to Which? research, the last six months of 2018 saw almost 3,000 cashpoints disappear with half of those free-to-use machines.
Experts have warned that the loss of ATMs will harm older people and small businesses, which rely on cash.
Notemachine has not set a date for the new charge.
