Are you getting Ripped Off?
If you take out your cash at many of the borough's cash machines or "ATMs," then the answer is almost certainly YES!
"In recent years, these machines have sprung up all over the place - very often in poorer areas - charging between £1.50 and £2 for a cash withdrawal," says Hackney campaigner Ben Mathis.
"If, like many people on a budget, you only take out £10 or £20 at a time, that can mean that between ten and twenty percent of your money is being swallowed up in these charges."
ATM charges take money out of the pockets of the poor and out of the local economy - every pound paid to a cash machine operator is a pound not being spent in a local business.
"It's bad for everybody," says local activist, Pauline Pearce. "That's why the Liberal Democrats are calling on Labour to take a few simple steps to help save Hackney residents money and help local business."
- The Council must survey neighbourhoods in Hackney to identify areas most in need of access to non-charging ATMs.
- The Council must install fee-free ATMs where they are needed, either in council-owned buildings or those owned by other public bodies like the NHS or Transport for London.
- Where there are no suitable public buildings, the Council must use the planning and licensing system to require a fee-free cash machine to be provided.
We think everyone in Hackney should have free access to the money in their account without having pounds skimmed off the top in bank charges. If you agree, please sign the petition...
UPDATE: At the November 2015 council meeting, Hackney Labour voted to refer a Lib Dem motion on ATM charges to a "scrutiny commission," but refused to commit to any concrete action. This is not good enough and we will continue to urge the council to deliver real action.