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Banks must provide free access to cash or face fines

Banks must provide free access to cash or face fines
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United kingdomJenny rossAndrew griffithNatalie ceeneyFinancial conduct authorityGovernment financial servicesFinancial servicesMarkets actCash access united kingdomCash review

FCA warns banks on branch closures as access to cash to be protected in law

The banking sector is being warned it faces penalties if it does not secure free access to cash for the UK population, including businesses, following waves of branch closures over more than a decade.

United kingdomJenny rossJohn howellsAndrew griffithFinancial conduct authority

Banks could face fines if people can t access cash within 3 miles

More than 5,000 bank branches have closed since 2015

United kingdomAndrew griffithJenny rossFinancial servicesFinancial serviceFinancial conduct authorityTreasury andrew griffith

Banks to face fines if they don t provide access to free cash withdrawals

Under the new rules, the UK's financial industry regulator, the Financial Conduct Authority (FCA), will have the power to fine banks that fail to provide free access to withdraw money

United kingdomStoke on trentAndrew griffithJenny rossFinancial conduct authorityTreasury andrew griffithHigh street

Banks must offer cash within three miles of your home

Millions rely on notes and coins but banks have shuttered thousands of branches and ATMs

United kingdomJenny rossAndrew griffithFinancial conduct authorityFinancial servicesPost officeMarkets billRoyal assentPayment systems regulatorConsumer affairsBanks and financeKeep cash campaign

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