Two of the UK's largest banks have been told to justify their restrictions on basic bank account customers using rivals' cash machines.
Following the report by Debt Free Me earlier this year that RBS were planning on charging their basic bank account holders if they used a rival bank's chash machines, the Treasury Select Committee have now show concern at the policy and asked both RBS and Lloyds to justify their decision.
Committee chairman Andrew Tyrie said he was concerned that it would exclude basic bank account customers from the majority of the UK's free cash machine network. Mr Tyrie wrote: "Your decision has major implications for access to universal banking customers and appears to target vulnerable customers who are most at risk of financial exclusion."
