Access to cash distance to local community
The UK says it will require banks to offer access to cash within a
3-mile distance of a depositor's local community.
This is a good policy in principle, but I fear British banks, with their
propensity to close accounts to avoid inconveniences for themselves,
will game the rules by implementing them in reverse,
like this:
"Dear Sir or Madam, we are compelled to close your account on account
of the fact that we have no ATM within 3 miles of the village where
you reside. We regret the inconvenience this may cause."