HM Treasury written question – answered at on 2 March 2017.
To ask Mr Chancellor of the Exchequer, what steps his Department is taking to mitigate against the effect of changes to the level of access to free ATMs on high streets and local communities.
The Government believes that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK.
In 2015 Government set up the Payment Systems Regulator (PSR) with the statutory objective to ensure that the UK’s payment systems, including the LINK ATM scheme, work in the interests of their users. The PSR is monitoring developments within the LINK network and ATM provision in the UK more generally, including assessing the potential effect of any developments on the provision of ATMs in the UK and the possible impact on the scheme’s users.
The PSR has the power to act if LINK or any of its members act in a way that conflicts with any of its objectives.
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