UK’s Link implements new fees in bid to halt ATM closures

The operator of the UK’s largest ATM network has announced plans to allow banks to increase the subsidy they pay to machine operators by more than 800%.

From April 1, ATM operators will receive what Link has deemed a “super premium” of up to £2.75 ($3.58) per cash withdrawal. The charge is currently set at 30p.

“The premium will be made available to around 3,500 free-to-use ATMs that are currently 1km or more away from the nearest free-to-use ATM or form part of Link’s Financial Inclusion