I am fully supportive of the joint campaign launched by Which? and the Federation of Small Businesses (FSB) to save our cashpoints.
Plans announced by the UK's largest cashpoint network, Link, to remove free to use cashpoints from some of our communities will leave many of my constituents completely cut off and businesses without access to any cash.
Evidence shows that many people still rely on free-to-use cashpoints to access their money. And with more than two million people in the UK almost entirely reliant on cash, I think it is vital that they can access their money easily and free of charge.
At the time where many back branches are under threat, these plans would be deeply damaging to communities across Mid-Scotland and Fife.
I have received cross-party support for a members’ business debate in the Scottish Parliament on the subject. The text of the motion and the support received can be seen below.
That the Parliament notes the campaign by Which? and the Federation of Small Businesses to call a halt to the potential closure of free-to-use ATMs across Scotland because of plans to reduce the interchange fee by the cashpoint network, LINK; recognises that ATMs are an important service in communities, particularly for people on low incomes, older people and in areas such as the Trossachs, Perthshire, Kinross and Fife; believes that this might exacerbate the problem of bank branch closures as some consumers might be left without access to even the most basic banking services; notes the calls for the Payment Systems Regulator to take action to prevent there being complete ATM absence in some areas, and acknowledges the view that assurances should be given that consumers and small businesses can maintain access to the network of free-to-use ATMs.