Yes, absolutely. I guess it's important to separate the front line of business advisory that high street banks provide within a community for businesses; businesses traditionally have gone to a local bank manager or business development manager for those kinds of services. In terms of access to cash, though, we've seen a 21 per cent decrease in the number of ATMs available in Wales between 2018 and 2020. That's slightly below the UK average, but nevertheless, that's a really significant withdrawal of ATM facilities, and, actually, beyond that is the problem that many of the facilities that remain are paid-for facilities, and so there is a cost incurred. There's a disincentive for people to access cash, even if they wanted to use cash, because they incur a cost. It might be a £1.99 transaction cost. If you're getting £10 or £20 out, that's a significant disincentive, that fee, in itself.
We've pushed for the availability of free-to-use cash machines across communities. We have brought up several times with banks the problem that, when they withdraw their facilities from our high street, that also includes the withdrawal of their cash machines. We know that the cash policy statement from the UK Government seeks to address some of that, but, again, the Financial Conduct Authority is only just starting to look at how it'll use its powers to ensure availability of cash within our communities.
But we have countless examples, similarly, of members who are having to travel really quite significant distances to deposit cash. That presents a few problems, not least the safety of people travelling a significant distance with quite significant amounts of cash in their car. Quite often, it's not the business owner that is able to do that, because they have to be at their place of business, so it might be an employee that is asked to do that, and there's an insurance challenge in that, in people travelling with large amounts of cash. The withdrawal of banking facilities from our high streets has very, very different problems, again, that feel very, very similar. But, effectively, what they do is drive behaviours that may well mean that, even if cash is available in the community, maybe the the ability to use cash within certain businesses is curtailed because people are just assuming that cash is no longer a part of the community.
One other area that I would flag up, particularly, is Wales is very heavily dependent on tourists. We do find that people in tourist economies are quite heavily dependent on cash. When people come, particularly from overseas, what they will tend to do is exchange before they come or when they come, because, of course, if you are in a community and using your card every single time, some of the transaction fees for use in foreign countries can be really quite significant. So, cash availability and cash use within tourist economies is really quite important.