Which? responds to interim Access to Cash Report

Jenni Allen, Managing Director, Which? Money, said:

“The stark findings in this report back up our own research, which has shown that bank branch and ATM closures could be contributing to a risk that millions of people are cut off from access to cash – with the most vulnerable members of society hit hardest.

“It is vital that everyone has the option to use cash for as long as they need to – and continuing the unplanned drift towards a cashless society is not an option if we are to protect almost half the population for whom cash is a necessity.

“The Government should urgently give a financial regulator or the Bank of England a duty to protect access to cash and examine the issues driving change in the payments sector, to ensure no-one is left behind as digital payments grow in popularity.”

Notes to editors