MacDonald condemns banks over cash machine cut off
Saturday, 27 August 2011 08:55
Plans by state owned banks RBS and Lloyds to restrict the use of cash machines by people on low incomes and in outlying areas have been condemned by Falkirk East's SNP MSP Angus MacDonald.
According to reports today 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.
Angus MacDonald MSP, who is a member of the Scottish Parliament's Economy
“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 outlying areas hard.
"In many deprived areas and in rural villages 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. They must overturn this decision if they wish to retain any credibility amongst the general public."