The UK Government is introducing rules which grant the Financial Conduct Authority (FCA) new powers over the UK’s largest banks and building societies to ensure that cash withdrawal and deposit facilities are available in communities across the country.
This should allow the financial regulator to address cash access issues at both a national and local level.
The Treasury will in due course set out its expectations for a reasonable distance for people to travel when depositing and withdrawing cash, reflecting the existing spread of cash withdrawal and deposit facilities in the UK.
