Cash Withdrawal & Deposits At 7000 New ATMs In France- Why Not The UK?

Although 7000 free-to-use 24/7 ATMs may well not be enough, this move by the French banks in many ways shames their UK counterparts.

The French banks know full well that ATMs are the only way of delivering convenient 24/7 cash services, in both urban and rural areas.

They also know that deposit facilities are vital to the French public and businesses, so the 7000 ATMs installed will accept cash and cheque deposits from customers of all the participating banks.

Meantime, the UK banks managed in 2023 to persuade a misguided HM Treasury to issue a Cash Access Statement that effectively wrote ATMs out of the script. The banks plan that limited-hour post office counter services are to be the main cash services access points going forward, until the time - around 2030 - when banks can end all their funding of cash services.

This plan also means that we will not see very many ATMs that accept deposits from every bank. The UK banks don’t want to invest in making ATMs very useful for the British public and businesses, since they intend to rip all those ATMs out.

Keir Starmer and The Labour Party Government know all of this. As do the Bank of England, Financial Conduct Authority and Payment Systems Regulator.

Why?

Because we have told them.

Source: connexionfrance.com/practical/what-are-new-cash-services-atms-in-france/783973