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Lenders seen as failing in their cash provision responsibilities could face fines under the FCA's framework as industry data suggests that cash remains the second most popular method for payments in the country.

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Sky News UK

United Kingdom

Banks face new rules to secure access to cash from September

The Financial Conduct Authority said new rules will come into effect from September 18.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Independent

Evgeny Lebedev

London

Greater London

England

Banks closing branches will have to protect customers’ access to cash – watchdog

BANKS will be banned from shutting down too quickly under new rules to help people access cash.  Under the policy, launched by the UK’s financial watchdog, banks will be required to plug the gap for customers impacted by rise in physical branch closures.  Over 6,000 banks have closed in the past decade, leaving thousands without access to physical stores.Getty The Financial Conduct Authority’s (FCA) ruling will come into effect on September 18th…

The Sun

Murdoch family

Banks will be BANNED from closing down too quickly under new rules

The move comes after a spate of branch closures across the UK Read more at straitstimes.com.

The Straits Times

Singapore Press Holdings

Singapore

UK says banks must preserve access to cash after branch closures

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Roberts family

New rules introduced by the UK's financial watchdog mean that banks shutting branches will need to protect customers' access to cash.

The Argus

Gannett

Brighton

The City of Brighton and Hove

Banks closing branches told they will have to protect customers access to cash

From September 18, 2024, banks and building societies must assess whether local communities lack access to cash services, respond to community concerns and plug any major gaps

GB News

'Landmark move' to protect access to cash for Britons - but it won't stop bank branches closing down

Banks and building societies looking to close branches will have to weigh up whether residents are able to access cash under new rules announced by the City watchdog today. Starting from 18 September, banks will have to assess whether closing local bank branches or ATMs leaves communities without adequate access to cash.  Where significant gaps are found, banks will need to provide “reasonable additional cash services”, which could include banki…

City AM

Banks will have to ensure access to cash under new FCA rules

Banks and building societies will have to asses local gaps in access to cash under new rules announced by the FCA.

Banks face new rules to secure access to cash from September

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