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29 November 2017

Scottish cash machines must be safeguarded, warns FSB

Reference number: SM2911

Responding to reports that changes to cash machine fees could result in thousands of closures, Stuart Mackinnon, the Federation of Small Businesses’ (FSB) external affairs manager for Scotland, said:

“We can’t see Scottish communities lose yet more of their banking facilities. Both tourism hotspots and local high streets need cash machines to encourage local spending. Until we properly address Scotland’s mobile and broadband connectivity problems, cash will still be required to power many local economies.

“We know that bank branches are closing more quickly in Scotland than the other UK nations. Therefore, this sort of move could have disproportionate impact north of the border, especially on smaller firms in our rural communities.”