Wednesday 18 May 2022 10:46 PM ATMs in the UK: No one will have to travel an 'unreasonable' distance to get ... trends now
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New laws to protect the future of cash were announced yesterday in a victory for Money Mail.
Millions of Britons still rely heavily on bank notes and coins to pay for goods and services despite the rise of contactless debit and credit cards.
They include elderly and vulnerable people – and families on lower incomes. The new laws will aim to ensure no one has to travel an ‘unreasonable’ distance to deposit or withdraw money.
It has not yet been revealed how far this will be. A huge number of bank branch and cashpoint closures has left parts of the country in danger of becoming money deserts.
Banks have axed more than 4,000 branches since 2015 and 12,000 free-to-use cashpoints have disappeared in the past four years, according to consumer group Which?
Chancellor Rishi Sunak first pledged to introduce legislation to protect cash two years ago - and the move was confirmed in the Queen’s Speech last week.
New laws to protect the future of cash were announced yesterday in a victory for Money Mail. Millions of Britons still rely heavily on bank notes and coins to pay for goods and services despite the rise of contactless debit and credit cards (stock image)
