UK Finance, the trade body for banking and financial services, says this claim is incorrect. From 1 October this year, free cash withdrawals in Britain will come to an end and from that date, a charge of £1.50 will apply to each ATM transaction. The Financial Conduct Authority also confirmed to Full Fact that there are no plans to end free ATM cash withdrawals or introduce £1.50 charges. UK Finance, which represents hundreds of finance and banking firms across the UK, told us the claims made in these videos are “incorrect”. Misleading videos circulating online claim that from October 1, free cash withdrawals will end across the UK.