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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.
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.
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.
To ask the Chancellor of the Exchequer, what steps is he taking to seek to ensure that ATM operators maintain no charge access to machines in rural areas throughout the UK.
To ask the Chancellor of the Exchequer, what steps is he taking to seek to ensure that ATM operators maintain no charge access to machines in rural areas throughout the UK.
The Government-established Payment Systems Regulator (PSR) is closely monitoring developments within ATM provision. The PSR regulates LINK, the scheme which runs the UK’s ATM network and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.
Additionally, LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM and has also enhanced its Financial Inclusion Programme, tripling the funding available to ATMs in the most deprived areas of the UK. LINK has also announced new additional premiums to safeguard the presence of free-to-use ATMs in remote and deprived areas.