Treasury - Fifth Report
Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 15 March 2005.
Contents
Terms of Reference
Report
Summary
1 Introduction
The issue and this inquiry
The operation of cash machines (ATMs) in
the UK
How ATMs work
Cash acquisition by individuals
The Cruickshank review
The costs of ATM provision
2 The principle of charging
Approaches to the funding of ATM provision
The growth of charging cash machines
Prospects for the future of the free estate
of ATMs
Machines in bank branches
Conversion of non-branch sites to charging
by independent operators
Pressure on banks to sell off free machines
to charging operators
Effects of the interchange fee
The role of the site owner
Conclusions on prospects for the free estate
3 Transparency
The principle of transparency in notification
of charges
The current requirements since April 2004
New requirements from July 2005
Further improvements needed
Improving the terms of the LINK agreement
of December 2004
Improvements in areas outside the December
2004 agreement
Enforcement
Consumer awareness of charges
4 Regulation
The Banking Code
Governmental regulatory authorities
5 Financial Exclusion
Cash machine charges and financial exclusion
Areas with concentrated financial exclusion
The level of ATM charges
The Post Office
The context
The relationship between the Post Office,
subpostmasters, and ATM operators
Information for customers about free counter
withdrawals
Increasing access to current accounts at
post office counters
The Direct Payment programme for benefits
Post Office: general conclusion
6 Conclusions
Conclusions and recommendations
Formal minutes
Witnesses
List of written evidence
List of unprinted written evidence
ORAL AND WRITTEN EVIDENCE
Tuesday 21 December 2004
Tuesday 1 February 2005
Thursday 10 February 2005
Written Evidence
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