Will Norfolk bank closures lead to cashless society?
The Bungay branch of Barclays Bank is set to close. - Credit: Nick Butcher By the end of the year the East of England is predicted to have lost 264 bank branches in just six years. Customers are increasingly carrying out their transactions online, with 12 million people opening an account with a digital-only bank in 2019, according to comparison site Finder. Likewise, consumers are ditching the ATM in favour of their mobiles, and the pandemic will only have sped up this change. In 2019 just 23pc of payments were made with cash, but with many businesses refusing physical payment for hy...