Results for cash tag

One in five consumers have been blocked from paying with cash since lockdown rules were eased, Which? research has found, sparking concern that people who rely on cash could struggle to spend it and the recovery of the high street could falter even as the country drops restrictions. The consumer champion carried out two separate […]

Gareth Shaw, Which? Head of Money, said: “Legislation to protect cash is vital to ensure that millions of people who rely on it, including older and vulnerable consumers, are not left behind as more people transition to digital banking. “Which? supports new laws to make the Financial Conduct Authority the lead regulator for monitoring and […]

Gareth Shaw, Which? Head of Money, said:   “Cash continues to be a vital way to pay for millions of people, and it is clear that if the rapid transition to digital payments is not handled carefully, some groups of people – including older and vulnerable consumers – will end up being financially excluded. “These […]

Gareth Shaw, Head of Which? Money, said: “While the past year has accelerated the shift to digital payments, those who still depend on cash to pay for everyday essentials must not be forgotten. Cash also remains an important fallback option for when digital payments fail, while some consumers may simply not be ready or able […]

Gareth Shaw, Which? Head of Money, said:  “These initiatives could have a really positive impact on communities that have seen sharp cuts to their cash machine and bank branch networks in recent years, which have forced some cash dependent consumers to travel unreasonable distances or face hefty charges to withdraw their own money. “However, in […]

Gareth Shaw, Which? Head of Money, said: “Millions of people rely on cash as they are not ready or able to take advantage of digital payments. However, rapid closures to the cash machine and bank branch networks in recent years mean that many of these consumers risk being abandoned by their banks. “Our research has […]

Gareth Shaw, Which? Head of Money, said: “The bank branch network continues to shrink at an alarming rate, often leaving entire communities without somewhere to withdraw cash or speak to someone face-to-face about sensitive financial matters. This announcement means Santander has now closed 470 branches since 2015. “Although many consumers can benefit from digital banking, […]

A quarter of Northern Irish consumers have struggled to access cash during the pandemic according to Which?, fuelling fears that Covid is hastening the UK’s transition towards a cashless society before millions of people are ready. The consumer champion carried out extensive research with more than 1,000 people in Northern Ireland during December 2020 to […]

Gareth Shaw, Which? Head of Money, said: “It is deeply concerning to hear the government could be wavering in its commitment to legislation to protect access to cash. Rishi Sunak’s promise at last year’s Budget gave hope to millions of people and to communities around the UK that rely on cash and would struggle to […]

Gareth Shaw, Head of Money at Which?, said: “The pandemic has put added strain on the UK’s frail cash network. Our research shows some of the most vulnerable, who rely on cash to pay for essential goods and services, are at risk of being excluded as the UK accelerates towards a cashless society before they […]