McMillan Condemns Banks Over Cash Machine Cut Off
Plans by state owned banks RBS and Lloyds to restrict the use of cash machines by people on low incomes and in rural areas have been condemned by SNP MSP Stuart McMillan.
According to reports Lloyds TSB, NatWest and Royal Bank of Scotland basic bank account customers, who are often on low incomes, are to be banned from using any cash machine not belonging to their own bank.
Current account holders who pay fees every month will still be allowed to use any machine.
Stuart McMillan MSP, who is a member of the Scottish Parliament's Economy, Energy and Tourism Committee, said:
“This move by the Royal Bank of Scotland and Lloyds is nothing short of scandalous.
“It clearly discriminates against economically deprived customers who will now face difficulties accessing their own money and will hit those in rural areas hard.
"In many deprived areas and in rural areas there is only one cash machine and only one place to access money.
“This policy will make life more complicated for customers on low incomes who tend to use cash machines more and could force them to spend more to get access to their own cash.
“RBS and Lloyds are penalising the same taxpayers who bailed them out."
According to reports Lloyds TSB, NatWest and Royal Bank of Scotland basic bank account customers, who are often on low incomes, are to be banned from using any cash machine not belonging to their own bank.
Current account holders who pay fees every month will still be allowed to use any machine.
Stuart McMillan MSP, who is a member of the Scottish Parliament's Economy, Energy and Tourism Committee, said:
“This move by the Royal Bank of Scotland and Lloyds is nothing short of scandalous.
“It clearly discriminates against economically deprived customers who will now face difficulties accessing their own money and will hit those in rural areas hard.
"In many deprived areas and in rural areas there is only one cash machine and only one place to access money.
“This policy will make life more complicated for customers on low incomes who tend to use cash machines more and could force them to spend more to get access to their own cash.
“RBS and Lloyds are penalising the same taxpayers who bailed them out."
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