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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 […]
Jenny Ross, Which? Money Editor, said: “The alarming rate of bank branch and ATM closures has left many people who depend on them for cash services at risk of being excluded, and banking hubs could provide a crucial piece of the puzzle to ensure local access to cash is maintained. A wide range of initiatives […]
Jenny Ross, Which? Money Editor, said: “Swathes of branch closures in recent times have dramatically reduced people’s ability to withdraw cash and left entire communities without someone to speak to face-to-face about financial matters, so it is encouraging to see a building society commit to protecting these essential services. “While the renewed agreement between the […]
Which? is warning that enabling consumers to request cashback in shops without making a purchase will not be enough to protect access to cash, as its new research reveals many people view taking out money in this way as inconvenient and even a security risk. The government made changes to the law in 2021 to […]