Page 26 - John Howells News Today

The amount of money withdrawn over the Post Office counter last month was the highest it had been in all of 2020, but cash usage continues to lag pre-coronavirus levels. Around £641million was withdrawn by individuals in December, the most since £634million was withdrawn in March, while personal and business withdrawals totalled £664million, data from 11,500 Post Office branches shows. Many now rely on the network for their money, with bank and building society branch closures in villages an...

More than 160 bank branches will shut for good between now and the end of lockdown, tentatively scheduled for late March.  The closures will come as experts warn of an impending crisis over access to cash. They fear that unless urgent action is taken by banks, payment providers, regulators and the Government, the countrys network of free-to-use cash machines and high street banking facilities will disintegrate.  On Friday, Natalie Ceeney, who chaired the Governments Access to Cash Review and ...

Submitting... Overall, 72% of people surveyed in late November said they have been using cash less since the outbreak of Covid-19. But for some, using cash less has been making it harder to keep track of their finances. One in 12 (8%) said using card payments in shops instead of cash is making it harder to keep up. Cash has also proved useful in some situations during lockdowns, with 8% of people saying they have used cash to pay a friend or family member in return for them doing their shopping...