Access to cash during the covid-19 outbreak

Early day motion 1361, tabled 14 January 2021 by Jamie Stone (Liberal Democrat). Signed by 28 members.

That this House commends the LINK commitment to replace all free-to-use ATMs within their network during the covid-19 pandemic; in addition acknowledges that cuts to the interchange fee have led to the closure of thousands of free-to-use ATMs; notes that this has affected rural communities most profoundly as alternative sources of cash demand a consumer-met fee or are bound by the closing hours of stores or post offices; further notes that this disproportionally affects the vulnerable and older populations who are increasingly becoming excluded from their local economies as long-distance travel for cash or the use of digital monies is unviable; and calls on the Government to work with the Payment Systems Regulator and Financial Conduct Authority to devise a tiered or zoned interchange fee to ensure that ATM infrastructure funding is distributed fairly throughout the UK and protects ATMs in all communities, despite their population and withdrawal volume levels.

Signatures by party: Scottish National Party 7, Labour 6, Liberal Democrat 6, Independent 3, Plaid Cymru 3, DUP 1, Green 1, Labour/Co-operative 1.