Cash Machine Charges High quality books
Cash Machine Charges
By:Great Britain. Parliament. House of Commons. Treasury Committee
Published on 2005 by The Stationery Office
About one third of ATMs now make direct charges to consumers, and in 2004 it is estimated that UK consumers paid £140 million in charges made whilst accessing funds through cash machines. The Committee's report examines the principle and increasing trend towards charging, the clarity of presentation of these charges to the consumer, the likely impact on financial exclusion and low-income households, and key areas for action from government, regulators and the industry. Findings include that although there has been an increase in free machines as well as charging machines, their location and the lack of transparency about which machines make charges hinders genuine competition and consumer choice. Recommendations include that there should be a clearer indication of the amount of surcharge on external signage with standardised labelling for all free and charging machines. The LINK network agreement needs to improve consumer representation and its enforcement mechanisms. The trend towards ATM charges should not be allowed to exacerbate existing financial exclusion, and the Government should ensure that the switch to direct payment of benefits does not disadvantage recipients in their access to cash.
This Book was ranked at 7 by Google Books for keyword Cash.
Book ID of Cash Machine Charges's Books is Fy26Xed8cgMC, Book which was written byGreat Britain. Parliament. House of Commons. Treasury Committeehave ETAG "u2l8AyaVqfU"
Book which was published by The Stationery Office since 2005 have ISBNs, ISBN 13 Code is 9780215023070 and ISBN 10 Code is 0215023072
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Book which have "247 Pages" is Printed at BOOK under CategoryCash dispensers
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