Five-mile ATMs, free banking services: What does the new bill bring?

The government has proposed new legislation aimed at improving access to cash and basic banking services across Slovenia. According to reports from Svet24, the Ministry of Finance has submitted a draft law to public consultation, which introduces several key changes related to the availability and usage of payment methods. The proposal seeks to ensure that citizens can easily access cash and essential banking services, particularly in rural areas. One of the main provisions of the draft law requires credit institutions and Posta Slovenije to maintain an adequate network of ATMs and branches throughout the country. In settlements with over 1,000 residents, an ATM must be located within five kilometers of the settlement’s center. This measure aims to reduce the distance people have to travel to withdraw cash, especially in less densely populated regions. The Bank of Slovenia will conduct an annual analysis of cash accessibility across the country. If it determines that access to ATMs or branch offices is insufficient in a particular area, banks will first be asked to voluntarily provide a suitable solution. This could include relocating an existing ATM, installing a new one, or opening an additional branch office. If voluntary measures fail, the central bank may impose obligations on individual banks to install ATMs or establish branch offices in underserved areas. In addition to improving physical access, the draft law also addresses legal aspects of cash usage. It reinforces the constitutional right to use cash, requiring merchants and service providers to accept at least one electronic payment method. At the same time, the law introduces a free package of basic payment services, ensuring that all users have access to essential financial tools without additional costs. The proposed law currently undergoes public consultation, meaning further amendments could still occur before its final approval. Once enacted, the law would require banks and postal services to adjust their operations to meet the new standards. The government hopes this initiative will enhance financial inclusion, particularly among older populations and those living in remote areas who may rely more heavily on cash transactions. Public officials and financial sector representatives have expressed support for the initiative, noting that improved access to cash and banking services can contribute to economic stability and consumer confidence. However, some concerns remain regarding the practicality of implementing the requirements, especially in smaller towns with limited resources. There are also questions about how the Bank of Slovenia will define “insufficient” access and whether the process for enforcing compliance will be transparent and fair. As the consultation period continues, stakeholders are encouraged to submit feedback. The government has emphasized that the goal is to create a balanced system that supports both traditional cash-based transactions and modern digital payments. With the increasing reliance on electronic payment systems, the law represents an effort to preserve cash access while adapting to evolving financial trends.