Cashpoints will be replaced with supermarket cashback within 5-10 years, under plans being drawn up by the Link network.
Link claims the amount being withdrawn from cash points will halve over the next decade as consumers move to using debit and credit cards for everyday spending. This will mean many cash points will shut in rural areas, according to the chief executive at Link.
While the idea sounds good in principle if you have a Link card and a large supermarket chain near you, if your card is not connected to the link network or you live in a small town or village with a local store not part of a big chain, you may lose your ATM but not have access to cashback.
Tourists (without a Link card) may be particularly affected as they may find no ATM but be unable to use the new Link Cashback scheme.