Banks could be fined if they fail to provide access to cash
The FCA has been given powers to protect the provision of cash access services.
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The FCA has been given powers to protect the provision of cash access services.
Free cash machines should be no more than one mile away in cities or three miles away in rural areas, under the new government measures
The head of a cashpoint network has welcomed a government pledge to fine banks for not providing free access to cash withdrawals.
The banking sector is being warned it faces penalties if it does not secure free access to cash for the UK population, including businesses, following waves of branch closures over more than a decade.
The government signals that banks and building societies should not be closing further swathes of their branch networks as it confirms plans to "maintain this level of coverage".