Cash Dispensing

(asked on 24th June 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with UK banks on the costs of running ATMs at their branches.


Answered by
John Glen Portrait
John Glen
Shadow Paymaster General
This question was answered on 2nd July 2019
The UK has over 60,000 ATMs, almost all connected to the LINK network. These ATMs are owned and operated by banks and building societies (40%), in addition to independent ATM operators (60%). According to the Access to Cash Review, of the estimated £5bn annual cost of the UK’s cash infrastructure, £1bn of this relates to the running and maintenance of ATMs.

Regarding specific discussions, Treasury Ministers and Officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel.

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