Cash Machine Charges Hit Those On Low Incomes The Hardest
12.20.00pm GMT Wed 2nd Feb 2005
Commenting on the Treasury Select Committee's investigation into fee-charging cash machines, Liberal Democrat Treasury Spokesman, Norman Lamb MP, said: "With the ever-increasing burden of personal debt, cash machine charging is hitting the poorest hardest.
"This particularly affects people in rural areas where exorbitant fees are being charged by machines because it is not profitable for banks to operate and post offices have limited opening times.
"This is clearly taking advantage of a captive market, and more importantly suggests that often there is no direct link between the amount charged and the actual cost of dispensing the money.
"I accept that there is an argument for a charging cash machine in certain locations, but it is vital that consumers know when they are being charged.
"I would advise people to vote with their feet and refuse to use cash machines that impose excessive fees."
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