Image: © M.O. Stevens via Wikimedia Commons

Will people in rural areas still have access to cash?

As regulations change around ATMs, politicians and consumer groups are getting worried

People are worried about access to cash in rural areas, as the organisation which manages ATMs, called Link, is lowering incentives for fee-paying ATMs by cutting the fee paid by card issuers for cash withdrawals from 25p to 20p.

What it means: Consumer protection group Which? said 300 cash points are shutting down every month in the UK at the moment. Link disputes this, saying the number of free to use ATMs has increased… but they do admit that the number of fee-paying ATMs has been going down.

You might think that’s a good thing: but free-to-use ATMs only exist in places where there’s another ATM within a kilometer. That means fee-paying ones tend to be in areas with less access to cash (the same areas where more and more high street bank branches are closing too).

These areas rely more on local small businesses, which are less likely to take cards, and where people are more used to making cash payments.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?