F1PART 8BCash access services
Introductory
131NCash access services and coordination arrangements
(1)
This section defines “cash”, “cash access service”, “free cash access service” and “cash access coordination arrangements” for the purposes of this Part.
(2)
“Cash” means—
(a)
banknotes issued by the Bank of England, or an authorised bank in its capacity as an issuer of banknotes in Scotland or Northern Ireland (see Part 6 of the Banking Act 2009), or
(b)
coins made by the Mint, within the meaning of the Coinage Act 1971 (see section 11 of that Act).
(3)
A “cash access service” is—
(a)
a service which enables cash to be placed on a relevant current account (a “cash deposit service”), or
(b)
a service which enables cash to be withdrawn from a relevant current account (a “cash withdrawal service”).
(4)
A “free cash access service” is a cash access service that is—
(a)
a free of charge service which enables cash to be placed on a relevant personal current account, or
(b)
a free of charge service which enables cash to be withdrawn from a relevant personal current account.
(5)
“Cash access coordination arrangements” are arrangements—
(a)
which are designed to coordinate the provision of cash access services by two or more providers of such services, but
(b)
which do not directly provide cash access services to any person.
(6)
In relation to cash access coordination arrangements—
(a)
a reference to the “operator” of such arrangements is to any person with responsibility under the arrangements for managing or operating them;
(b)
a reference to the operation of such arrangements includes their management.
(7)
In this section, “relevant current account” has the meaning given by section 131O.