TSC calls on banks to reconsider ATM restrictions

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TSC calls on banks to reconsider ATM restrictions

This is a duplicate of the Blog Entry made on 1st December 2011 20:35.

The Treasury Select Committee has called on two of the big four banks to reconsider introducing further restrictions on customer access to cash...

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Re: TSC calls on banks to reconsider ATM restrictions

Reverse ATM restriction, MP asks RBS and Lloyds

An MP has increased the pressure on two banking groups to reverse their decision to limit access to cash machines for some vulnerable customers. Andrew Tyrie, who chairs the Treasury Committee, has called on Lloyds and RBS to reconsider moves to restrict access for basic bank account customers. Basic accounts, often opened by those with a chequered credit history, do not offer overdrafts or cheque books.

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