17 Swedish towns to get new cash machines after law change

17 Swedish towns to get new cash machines after law change
A woman withdrawing money from a cash machine/ATM. Photo: Isabell Höjman/TT
New cash machines will be installed in 17 Swedish towns after the country changed its laws to require the country’s major banks to offer cash withdrawals even in rural areas.

The new law means that six of Sweden’s largest banks have to allow customers to deposit and take out cash from their branches, without having to travel too far.

As part of this, Bankomat – a company co-owned by Sweden’s banking giants – said it would install 17 new cash machines across the country in the first half of 2021.

Ten of these towns will get their first cash machines, and seven will have their current cash machines upgraded.

The law slightly halts Sweden’s journey to becoming a cashless society, but it is unlikely to have a huge effect on the decrease in the use of cash in the country.

In the second half of 2020, the number of withdrawals decreased 21 percent compared to the same period in 2019, with Swedes on average withdrawing 545 kronor a month.

That’s according to Bankomat’s statistics, which also show that Swedes withdrew in total 33.9 billion kronor in the second half of 2020, down from 42.5 billion kronor.

These towns will get new cash machines:

Furudal, Dalarna
Lillhärdal, Härjedalen
Kosta, Kronoberg
Glommersträsk, Norrbotten
Harads, Norrbotten
Karesuando, Norrbotten
Nikkala, Norrbotten
Vidsel, Norrbotten
Vittangi, Norrbotten
Östra Husby, Östergötland

These towns will get upgrades:

Djurås, Dalarna
Svärdsjö, Dalarna
Bjurholm, Västerbotten
Bredbyn, Västernorrland
Junsele, Västernorrland
Marstrand, Västra Götaland
Pålsboda, Örebro


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