The Cumberland Council area has lost one in eight ATMs in three years, new analysis shows.

New analysis of LINK data – a network of cash machines – shows there were 196 ATMs open in the Cumberland Council area as of June.

This was a 13 per cent decrease from 224 in June 2021, the earliest available local figures.

In the Cumberland Council area, 170 machines are free to use, while 26 charge a fee.

The UK has lost one in 10 of its ATMs between June 2021 and June 2024, falling from 54,000 to 48,500.

Caroline Abrahams, charity director at Age UK, said free access to cash is "absolutely vital" for older people, given many of them do not manage their money online.

"The decline in ATMs is concerning, although the new regulations recently introduced by the Financial Conduct Authority should protect access for the vast majority of people."

FCA rules introduced in September require banks to give more consideration to local communities before they close a branch, and firms must check whether more services are needed before an ATM is switched off.

"We hope that the Government will continue to monitor the situation and will be able to act if necessary," Ms Abrahams added.

As a silver lining for consumers, ATMs which charge a fee are disappearing much faster than those that do not. More than one in five surcharging ATMs closed between 2021 and 2024, compared to 6 per cent of free machines.

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Nick Quin, head of financial inclusion at LINK, said: "As more people are choosing to pay for things digitally or with contactless payments, it does mean that we are using less cash and as a consequence, we have fewer cash machines."

He added the company is working to ensure people can still access cash where and when they need it.

Cumbria has seen banks leave the high street in considerable number since the pandemic.

TSB, NatWest, HSBC and Barclays have all closed branches in Whitehaven, Barclays, Lloyds and Halifax all closed in Penrith and Barclays was the last major bank in Cockermouth before it closed earlier this year.