Jenny Ross, Which? Money Editor, said:
“Whether it’s to pay for everyday essentials or to keep track of spending amid a cost of living crisis, cash remains a vital lifeline for millions of consumers across the country – as evidenced by the Post Office handling over £800 million in personal cash withdrawals last month.
“However, with banks continuing to close branches at a rapid pace, those who rely on cash, as well as face-to-face banking services, are at risk of being cut adrift.
“The government has promised to legislate to protect access to cash, and must ensure the Bill is passed as soon as possible to give the Financial Conduct Authority the powers to assess a local community’s cash needs before a bank branch or ATM is allowed to close, and hold firms to account.”