Restrictions on cash deposits

Motion Text

That this House notes recent changes by major UK banks limiting cash deposits into personal current accounts; further notes that Santander UK now restrict deposits of cash via Post Offices and ATMs to £10,000 in any 12-month period, and Barclays now restrict cash deposits to £20,000; believes this is not in keeping with the FSA guidance on Cash Access issued in 2023; and calls upon banks to scrap limits on cash deposits to personal current accounts, especially given the increasingly scant locations of bank branches across the country.