At least 1 million consumers in the United Kingdom have access to 419 ATMs that charge no transaction fees under a program designed to bring less-expensive financial services to low-income areas, British treasury officials say.
Installation of the machines began about 18 months ago, according to a statement from Her Majesty's Treasury, the country's treasury department.
British ATM operator LINK has coordinated the effort. Financial authorities plan to install 143 more fee-free machines by the end of year, the statement says, providing free ATM services for 1.3 million consumers.
âThis is real progress in our campaign for access to free cash machines in neighborhoods up and down the country and a step forward for financial inclusion,â Kitty Ussher, a Member of Parliament and chairman of the Treasury Select Committee, said in a statement.
At least one private ATM firm used the treasury announcement to highlight its own efforts. Bank Machine Ltd., a United Kingdom-based ATM independent sales organization, said Friday it has installed at least 650 noncharging ATMs in low-income areas.
Houston-based Cardtronics Inc., the worldâs largest ISO based on the ATMs it owns and manages, owns Bank Machine.
Cardtronics managed or owned 32,475 ATMs at the end of March.
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