The operator of the UK’s ATM network has said it is working hard to keep cash withdrawals free for millions of bank customers.
Fears have been expressed by some in the industry that a breakdown in the current agreement could result in more cash machines charging a fee.
LINK – which operates the network of 70,000 ATMs in the UK – said that its commercial model is “under review”.
Some banks are thought to be unhappy about the fees they currently pay.
As a result all 38 members of the LINK network are due to have a series of meetings to try to reach an agreement, beginning next week.
At the moment around 75% of ATMs are free to use.
But Peter McNamara, the Chief Executive of Note Machine, a member of LINK, said that consumers could face being charged at many more of them.
“If the proposals that are being put forward by LINK went ahead, we estimate that you could be losing up to a quarter of the free-to-use ATM sites in the UK,” he told BBC Radio Five Live.
