The West Yorkshire town has seen an increase of eight cash machines since January , an increase of 7. It may be related to the population groups most reliant upon ATM technology. Despite a population of over ,, making it the fourth-largest city in the country, Sheffield is the place in the UK with the least amount of cash machines per capita.
The Steel City's high streets have just cash machines, meaning that there is only one ATM in the South Yorkshire municipality, for approximately every residents. The decline of cash usage makes ATMs a less financially viable proposition for those who supply them.
This has seen the number of free to use ATMs decrease at a higher rate of decline than their counterparts, which require a surcharge for consumers to receive their cash. While this may not be an issue for some consumers, it does negatively affect those vulnerable groups who mostly rely on the machines in the first place. Though this something that is not being ignored with the UK treasury. They've declared their intention to protect access to cash for everyone who needs it.
One way of achieving this is by encouraging shops and business to offer cashback, without consumers needing to make a purchase. With more and more people opting for Apple and Google Pay which has no capped limit for contactless payments , consumers are welcoming the efficiency and speed at which they can purchase larger value products and services.
It is no surprise then, in our digitised economy, that the use of cash is decreasing, making ATMs redundant. We examined the decline in ATM machines both free and those with a surcharge across regions of the UK, over a 21 month period between Jan and Sep The rate of decline was then calculated by looking at the percentage change within this period. Our findings were then considered in relation to population size and the number of ATMs when divided by the population in 's.
VisitBritain would like to invite you to take part in a short survey about our website, it should take no more than a couple of minutes. There are many cash dispensers and ATM machines for you to use across the UK and almost ever bank has a cash dispenser. Cash machines can also be found in some supermarkets, post offices , petrol stations, train stations and London Underground stations.
Some of the most modern ATMs have on-screen instructions in several languages. The closure of bank branches — about 1, in the same period — has reduced access to ATMs and can force people to use fee-charging machines or face having to travel further afield to find a free-to-use one. Gareth Shaw at Which? The group has called for the government to introduce legislation to protect access to free withdrawals. The chief executive of Link, John Howells, said he was keen to see initiatives in which retailers were incentivised to provide free cashback for customers.
Link operates the largest cash machine network in the UK.
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