UK banking industry to support customers who depend on cash long term
Thu, 13th May 2021 10:28
(Alliance News) - Banks and building societies have made commitments to preserve access to cash over the long term, trade association UK Finance has said.
Barclays Bank UK, Coventry Building Society, HSBC UK, Lloyds Banking Group, Nationwide Building Society, NatWest Group, Santander UK and TSB have signed up.
Together, these financial institutions represent 16 bank or building society brands.
The commitments provide certainty that access will be available for people and businesses to withdraw and deposit cash, both now and in the future, UK Finance said.
Personal deposits in Post Office branches top £1bn for second month running Overall cash deposits and withdrawals continue to recover as lockdown relaxation gathers pace
People put record amounts of cash into their bank accounts at Post Office branches in April (Image: Tim Ireland/PA Wire)
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Post Office personal cash deposits top £1bn as more bank customers use counter services
More than 30 banks and building societies allow their customers to withdraw or deposit cash at any Post Office.
11:14, 11 MAY 2021
Bank customers can withdraw or deposit cash at 11,500 Post Office branches across the UK (Image: Getty Images)
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Personal deposits in Post Office branches top £1bn for second month in row 11/05/2021, 12:03 am
The total amount of cash deposited by people at Post Office branches topped £1bn for the second month in a row in April (Rui Vieira/PA)
The total amount of cash deposited by people at Post Office branches topped £1 billion for the second month in a row in April.
The Post Office said it is the first time that personal deposits have been in excess of £1 billion for two successive months.
Some £1.07 billion was deposited over its counters, following personal cash deposits of £1.12 billion in March.
A SCOTTISH community which has been campaigning for more free-to-use ATMs is at the centre of a new model for high street banking plan to boost access to cash which could be rolled across the UK. The new hope for high-street banking, funded by the banking industry comes in the form of brand new five-banks-in-one hub hosted by the Post Office which are now being tested in Cambuslang and Rochford in Essex. The schemes fronted by Community Access to Cash Pilots Board chairman Natalie Ceeney being launched today (Weds) will offer access to basic banking and cash withdrawals and deposits through a counter operated by the Post Office, which will support the customers of all major retail banks.