Reply to post: Re: Link?

ATM fees shake-up may push Britain towards cashless society

Old Tom

Re: Link?

No.

At the time in the UK when you could only use your own bank's ATMs, the Building Societies and some smaller banks got together and created the LINK network to enable them to serve their customers via each other's ATM networks. (Actually, some of them created the 'rival' Matrix network - but that eventually merged with LINK.)

Larger banks eventually set up reciprocal deals or formed networks between them, though I seem to recall them taking the opportunity to charge their customers for this service. Around the turn of the century, they all joined LINK, and most charges were dropped. Now virtually any bank/building society's customers can use virtually any other bank/building society's ATMs (for free).

ATMs that charge you in the UK are not to operated by a bank or building society, but will still connect to your bank/bs via the LINK network.

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