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Cash Dispensing: Fees and Charges

Treasury written question – answered on 4th May 2020.

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Photo of Gregory Campbell Gregory Campbell Shadow DUP Spokesperson (International Development), Shadow DUP Spokesperson (Cabinet Office)

To ask the Chancellor of the Exchequer, what steps he is taking to ensure the longer term availability of free to use ATM's (a) in rural areas and (b) throughout the UK.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government recognises that widespread access to cash remains extremely important for consumers and businesses across the whole of the United Kingdom, particularly in rural areas.

That is why, at the March 2020 Budget, the Chancellor announced that the Government will bring forward legislation to protect access to cash. This will ensure that millions of people can get the cash they need when they need it.

This announcement builds upon existing initiatives from industry. LINK, the scheme that runs the UK’s largest ATM network, has acted to protect remote free-to-use ATMs which are one kilometre or further from the next nearest free-to-use ATM or Post Office. Furthermore, LINK continue to support the viability of ATMs in rural areas through premium fees paid to ATM deployers.

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