Where have all the ATMs gone and why does it matter?
Three-quarters of all Australian ATMs charge fees.For Joey King, $2.50 can be the difference between a meal and going hungry, so finding a bank-owned ATM when she needs cash is important.
"I try to avoid the random ones because they cost $2 or more every time and while it doesn't seem much, when you're on JobSeeker, it's possibly a meal you're missing out on down the track, when it's closer to the end of the fortnight before your next pay," she said.In June of 2017 there were 13,814 bank-owned ATMs across the nation, but by June of 2022, there were just 6412 — a decline of 53 per cent.
In the past few years, campaigners in the United Kingdom have been pushing for government action to ensure the right and ability to carry out transactions using cash.They argue cash transactions are often used by the most vulnerable in society, including those on low incomes, those living with a disability and the elderly.
When questioned on ABC Radio about the reduced number of ATMs, Australian Banking Association CEO Anna Bligh referred to the increased uptake of card payments and online transactions. At the same time, the use of ATMs has been declining, with the number of ATM withdrawals falling by about 60 per cent since 2008.
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