Withdrawing cash at ATMs can be increasingly expensive. So let’s go into the details and see what’s going on.
The money it is not able to guarantee happiness, but it helps, without a doubt, to solve a lot of problematic situations. Starting from nutrition, up to the bills, passing through the various daily needs, on the other hand, there are really many times in which we find ourselves having to put our wallet. It is not surprising, therefore, that money ends up being very often the subject of discussion, especially due to constant changes.
Over the years, in fact, there has been a gradual revolution of payment methods. A process that seems destined to never end, so much so that the hypothesis of having to say shortly becomes wider and wider goodbye to cash and ATMs. A scenario that could become a concrete reality already in the short term, with the withdrawal of cash at ATMs which risks becoming increasingly difficult, as well as expensive.
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ATMs, beware of withdrawals: fewer ATMs and higher fees
The world of money is constantly changing and soon we could see an increasingly reduced use of ATM, as well as the farewell to cash. In fact, withdrawing at ATMs could become increasingly difficult, as well as expensive. According to the data from the Bank of Italy, the number of ATMs is constantly decreasing. This means that there are fewer and fewer ATMs where you can withdraw cash, with the situation turning out to be particularly problematic in the south.
As can be seen from the Bank of Italy report, in fact: “The number of branches located in the southern regions and in the islands amounts to a total of 22 per cent of the national total“. If all this were not enough, the institutes seem increasingly directed towards a world of cashless. The decision of Ing Italia which, from July, will close all ATMs and automatic pay stations present on our territory. Of particular concern, then, is the possible increase in commission costs.
Cash machine spa, in fact, it has studied a cost revision project which is currently being examined by an investigation by theAntitrust. “Among the most important news – writes the Competition and Market Authority – the abolition of the interchange fee and the payment of the commission applied to the withdrawal – by the consumer – directly to the credit institution where the ATM is located“. Put simply, if this model were to be approved, withdrawing cash from the ATM of a bank that you are not a customer of could be particularly expensive.
Each bank, in fact, could decide to apply different commissions, with consumers who would risk not knowing the withdrawal costs in advance. A situation that would end up being particularly disadvantageous for customers of small banks or those who have decided to focus on digital. The customers of these institutions, in fact, are precisely those who find themselves having to use the most ATMs of other banks. At the moment, however, still nothing is taken for granted. All that remains is to wait and find out what the next decisions will be.
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