CONTINUE TO SITE »
or wait 15 seconds

UK bank customers paying more in fees, as free ATMs, branches slashed

UK bank customers paying more in fees, as free ATMs, branches slashed

Bank customers in the U.K. are paying millions more in bank fees as free cash machines are being slashed, and bank branches are shrinking, according to a blogpost by consumer group Which? 

Fees collected for cash withdrawal reached 104 million pounds ($134 million) in 2019, an increase of 29 million pounds ($37 million) from year-ago figures. 

The banking industry in the U.K., however, eliminated 8,700 free cash machines and closed 1,203 branches.  

 


Topics: ATM & Mobile Banking, Bank / Credit Union, Branch Transformation, Underbanked / Unbanked


Sponsored Links:


Related Content


Latest Content

Get the latest news & insights


News

Resources

Trending