Banks: Cash Withdrawals - Question

Part of the debate – in the House of Lords at 2:37 pm on 11 June 2019.

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Photo of Lord Young of Cookham Lord Young of Cookham Lord in Waiting (HM Household) (Whip), Lords Spokesperson (Cabinet Office) 2:37, 11 June 2019

My Lords, the government-established Payment Systems Regulator regulates LINK, the scheme that runs the UK’s largest ATM network. The regulator is using its powers to hold LINK to account over LINK’s public commitments to maintain the broad geographic spread of free ATMs across the UK. The UK has one of the most extensive free-to-use ATM networks in the world. Around 80% of the UK’s ATM estate is free to use and 97% of transactions occur on free-to-use ATMs.