ACS have welcomed the Financial Conduct Authority’s (FCA) proposals to ensure that banks and building societies consider reasonable cash access services and has repeated its calls for a review of interchange fees.
These services are essential for the convenience sector – over 50% of store transactions are still conducted using cash, 40% of shops currently host ATMs, and 23% still house post offices. With banks and building societies facing closures across the UK, convenience stores have become ever more essential for the public to access their money and use essential services.