New Zealand sees fewer bank ATMs as partnerships with private providers raise fees.

Bank-owned ATMs in New Zealand are declining as banks now partner with private providers, leading to fewer ATMs and higher fees for cash withdrawals. The shift is due to banks focusing on core branch operations and reducing costs. While the change has increased ATM fees to about $2.50, consumer advocate Jessica Wilson notes the importance of cash access despite the higher costs.

3 months ago
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