Cash Dispensing

HM Treasury written question – answered on 13th March 2017.

Alert me about debates like this

Photo of Tom Elliott Tom Elliott UUP, Fermanagh and South Tyrone

To ask Mr Chancellor of the Exchequer, if he will hold discussions with banks and other ATM providers to ensure customers may continue to access cash free of charge.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

The Government believes that widespread free access to cash remains extremely important to the day-to-day lives of many consumers in the UK.

To this end, the Government is engaging with LINK and its members, including banks and Independent ATM Deployers, to ensure that widespread free access to cash is maintained, and is encouraged to hear that LINK’s members have committed to further work to find a solution to the dispute.

The Government is also working closely on the issue with the Payment Systems Regulator (PSR), which was established in 2015 to promote competition, innovation, and the needs of end users within payment systems. The PSR is in regular contact with LINK, and is monitoring the situation closely, including assessing the potential effect of any development on the provision of ATMs in the UK.

The PSR has the power to act should LINK or any of its members behave in a way that conflicts with any of its statutory objectives.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.