Cash law - From Which
Freedom to Pay
We wanted to share some good news...
In a huge win for consumers, the government has unveiled new measures to protect free access to cash.
Following the success of our longstanding Freedom to Pay campaign, the Financial Services and Markets Bill was introduced to Parliament last year. This is a crucial new law that will protect access to cash. Ever since then, we’ve been keeping up the pressure behind the scenes to make sure the government delivered on its promises.
As part of this Bill, the Financial Conduct Authority will be given the power to stop banks and building societies from closing cash access services, such as ATMs, if there are no suitable alternatives within a reasonable distance. And now crucially, thanks to our efforts, the Bill will also guarantee consumers can withdraw and deposit their cash for free.
Cash is hugely important for millions of consumers and communities, and with the support of people like you, we’ve been fighting hard for many years to make sure those who are not yet ready or able to make the switch to digital payments don’t get left behind.
Thank you so much for everything you have done in the fight to protect cash. We are so proud of what we have been able to achieve together. Keep reading to find out more about the win here.
New cash laws
We wanted to share some good news...
In a huge win for consumers, the government has unveiled new measures to protect free access to cash.
Following the success of our longstanding Freedom to Pay campaign, the Financial Services and Markets Bill was introduced to Parliament last year. This is a crucial new law that will protect access to cash. Ever since then, we’ve been keeping up the pressure behind the scenes to make sure the government delivered on its promises.
As part of this Bill, the Financial Conduct Authority will be given the power to stop banks and building societies from closing cash access services, such as ATMs, if there are no suitable alternatives within a reasonable distance. And now crucially, thanks to our efforts, the Bill will also guarantee consumers can withdraw and deposit their cash for free.
Cash is hugely important for millions of consumers and communities, and with the support of people like you, we’ve been fighting hard for many years to make sure those who are not yet ready or able to make the switch to digital payments don’t get left behind.
Thank you so much for everything you have done in the fight to protect cash. We are so proud of what we have been able to achieve together. Keep reading to find out more about the win here.
New cash laws
