Cash Dispensing

(asked on 29th January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to maintain banking industry membership of (a) LINK and (b) the Post Office Banking Framework.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 4th February 2021

The Government continues to be fully supportive of the Post Office Banking Framework Agreement. The agreement allows 95% of business and 99% of personal banking customers to carry out their everyday banking at 11,500 Post Office branches in the UK until December 2022. The terms of future Banking Framework Agreements are commercial decisions between industry and the Post Office. The Government will continue to engage with industry and the Post Office to ensure that that all customers, wherever they live, continue to have access to over the counter banking services.

Since 1998, all the major UK banks and building societies have participated in LINK, enabling their ATMs to be used by customers of the other members of the network. Presently, ATMs are the most commonly used means of withdrawing cash. Membership to LINK is a commercial decision.

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