To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure free access to cash for people in rural communities.
13 February 2020
The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK.
The Government has launched the Joint Authorities Cash Strategy Group – bringing together the Payment Systems Regulator, Financial Conduct Authority, and Bank of England – to ensure comprehensive oversight of the overall cash infrastructure.
Industry has a key role to play. LINK, the scheme that runs the UK’s largest ATM network, has committed to protect remote free-to-use ATMs one kilometre or further from the next nearest free-to-use ATM or Post Office counter. LINK has also provided funding to allow local communities to request new free-to-use ATMs. The Payment Systems Regulator has used its powers to hold LINK to account over its commitments to preserve the broad geographic spread of ATMs.