Cash Dispensing: Fees and Charges
The question
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
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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