Cash Dispensing: Fees and Charges

(asked on 17th July 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will take steps to ensure the availability of free access to cash.


Answered by
Tulip Siddiq Portrait
Tulip Siddiq
Economic Secretary (HM Treasury)
This question was answered on 25th July 2024

The Government is committed to protecting access to cash for individuals and businesses. The Financial Conduct Authority is the regulator responsible for access to cash further to the Financial Services and Markets Act 2023, with powers to seek to ensure the reasonable provision of cash withdrawal and deposit facilities for individuals and businesses, including free withdrawal services for individuals. The FCA has recently published its final rules setting out its regulatory approach to protecting access to cash. These can be found here: https://www.fca.org.uk/publication/policy/ps24-8.pdf

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