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The Treasury Select Committee has called on two of the big four banks to reconsider introducing further restrictions on customer access to cash points hosted by rival brands. MP Andrew Tyrie wrote to Lloyds and the Royal Bank of Scotland to express his concern over the proposed changes, asking them to justify their reasons for the move.
He said: “I understand the need to reduce costs, particularly at this difficult time. “However, the decision to restrict access to cash machines has major implications for universal banking services and appears to target those vulnerable customers who are most at risk of....Read more here---> TSC calls on banks to reconsider ATM restrictions
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The banks have blamed high costs for the use of other banks' ATMs. Correspondence In August, one million RBS customers with basic bank accounts were told they could....Read more here---> BBC News - Reverse ATM restriction, MP asks RBS and Lloyds