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A new law designed to safeguard public access to cash is set to come into force this week, placing a legal requirement on financial institutions to ensure that an ATM is available within 10 kilometres of the vast majority of homes and businesses across the country.

In one of his first actions as Minister for Finance, Simon Harris is expected to formally sign the order that activates the legislation. The measures were approved by the Oireachtas last May but could only take effect once the Central Bank completed an extensive review of ATM coverage and cash services nationwide. That analysis is now finished, clearing the way for the new rules to be implemented.

Once signed, the order will oblige banks and other cash service providers to maintain suitable access to ATM facilities in towns, villages and communities throughout the State. The Government has presented the policy as an important protection, particularly for rural areas that have experienced a wave of bank branch closures in recent years.

Minister Harris has said the legislation will help ensure that people and businesses who still rely on cash are not left without essential services, and that communities remain supported as the financial sector continues to evolve.

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