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.
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These towns will get new cash machines:
Östra Husby, Östergötland
These towns will get upgrades:
Marstrand, Västra Götaland