Call for cash action

Person at a cash point
Image: photocritical/Shutterstock.com

THE NFRN has called on the government to ensure free access to cash for all, despite the continued increase in usage of other payment methods.

In response to an HM Treasury call for evidence on access to cash, the NFRN urged the government to ensure free ATMs are readily available in rural as well as urban areas. The NFRN also called for change in the legislation governing payment services to make cashback without purchase “a viable option” for retailers.

NFRN national president Stuart Reddish said: “It is important that the regulators have sufficient powers to ensure community interest is a major factor in the maintaining of the ATM network, even with ATMs that have low usage.

“ It remains important to customers, particularly the more vulnerable, that they can have free access to their cash without having to travel large distances.”