In the event of a power cut, bank branches and their distributors will be affected, like other businesses. If you need cash, you will have the choice between anticipating and moving to a sector spared from load shedding.
This is one of the many questions raised by the prospect of power cuts this winter: will it be possible, despite everything, to withdraw money from the ATM? The answer is no: in areas affected by load shedding, the bank branches that house these ATMs will suffer, like housing or other businesses, from the lack of power supply.
To access cash in the context of an Ecowatt red alert, you will need either: to anticipate – cuts will be announced 3 days in advance – or refer you to another ATM. Asked by MoneyVox, the French Banking Federation (FBF) highlights the mesh density in France. Let us recall (…) that there are in France nearly 36,000 bank branches, nearly 48,000 automatic teller machines (DAB) and nearly 26,000 private access points to cash, distributed throughout the territory, explains the FBF . Also, (…), in the event of a power outage for a specific period, customers will be able to access cash in another nearby location.
Banks have a (continuity) plan
Power cuts threaten not only bank outlets, but also their headquarters, even their computer servers. Here again, the spokesperson wants to be reassuring on the resilience of the sector in this particular context: The FBF is not aware, at this stage, of any particular difficulties in coping with any power cuts that may be decided. Indeed, as part of their business continuity plan, French banks anticipate this type of situation.
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They are involved, in particular, in the Groupe de Place Robustesse, created by the Banque de France in 2005. Its objective: to prepare the sector to protect critical functions are the consequences of a crisis of exogenous origin: a natural disaster, a cyber -large scale attack, a pandemic, etc. Much more dangerous events, a priori, than a two-hour power cut.
Power cut: will you be compensated in the event of load shedding?