Results for access to cash tag

Rocio Concha, Which? Director of Policy and Advocacy, said:  “Cash remains a vital lifeline for millions of people – whether to pay for everyday essentials or to help keep track of spending amid the soaring cost of living, so it’s good to see the government taking action and giving the FCA powers to protect them. […]

Anabel Hoult, Which? Chief Executive, said:  “Which? has fought for years on behalf of millions of people and communities around the country that rely on cash, so we welcome the government’s commitment to introduce legislation this coming year to protect access to cash. “While the pandemic has accelerated the move to digital payments for many […]

Around 15 million regular cash users say it helps them to keep track of their spending, underlining its importance for those on tight budgets, as Which? calls for government legislation to protect cash access in the Queen’s Speech.  Most household bills increased at the beginning of April, and the price of fuel and food is […]

Almost a quarter of free-to-use ATMs have vanished since 2018 and almost half of the UK’s bank branches have closed since 2015, Which? analysis finds, as the consumer champion warns it is now or never to halt the country’s cash crisis.  The UK’s ATM and bank branch networks have seen significant reductions in recent years, […]

Jenny Ross, Which? Money Editor, said:    “Santander deserves credit for taking greater account of customer needs than some of its rivals that have slashed their branch networks without putting in place reasonable alternatives. But this continues a concerning overall trend of banks chipping away at face-to-face services and opening hours.    “While proposals from individual banks and […]

Jenny Ross, Which? Money Editor, said:    “While many consumers have managed to make the transition to paying digitally, millions still rely on cash everyday to pay for essentials as well as to budget – something that has taken on an increased significance as the cost of living soars.    “The banking industry’s proposals to […]

Jenny Ross, Which? Money Editor, said:  “The timing of this announcement, on the day of the Spring Statement, suggests Lloyds is well aware of how unpopular bank closures are with the millions of people in this country who rely on bank branches to withdraw cash and use in-person services. “While the pandemic has accelerated the […]

Jenny Ross, Which? Money Editor, said: “There has been an alarming number of bank branch closures in recent years, and many consumers who rely on banks to access cash for everyday essentials and face-to-face services will be concerned about what these latest closures mean for them. “While many consumers now choose to bank digitally, millions […]

Jenny Ross, Which? Money Editor, said: “While the pandemic has accelerated the shift to digital payments, millions of people still rely on cash to pay for everyday essentials and are not yet ready or able to make the switch. That is why it is vital for access to cash to be protected. “It’s been two […]

Jenny Ross, Which? Money Editor, said: “The UK’s bank branch network has seen significant reductions in recent years, and many customers who rely on branches to access cash for everyday essentials and face-to-face services will be concerned about what local closures mean for them.  “While many people now choose to bank digitally, others – including […]