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Cash machine fees withdrawn for UK's poorest

After research into machine withdrawal habits, it was found that over 300 areas of the UK had no access to fee-free cash withdrawals, reported Link, the firm responsible for running cash machines.Under new law, which allows banks to offer cash machine companies financial incentives in return for installing fee-free cash machines, poorer communities are set to benefit.Plans for 362 non-charging cash machines to be situated in the UK's most hard-up areas were agreed in December, allowing one million customers access to fee-free cash. The first of such machines has already been installed in Fitton Hill, Oldham.Mps and consumer studies identified that people in more deprived areas tend to withdraw small sums regularly. It was decided that being hit by a charge for each withdrawal was unfair.John McFall, chairman of the House of Commons Treasure select committee, said: "The fact that firm sites have been found and agreed for nearly 400 of these machines already is a clear signal that they were much needed and welcome in the communities they are now or soon will be serving."He continued: "What we need now is a final push to reach the target figure of 600 and the financial incentives to machine operators should help to achieve this goal."

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