Press statement
Which? responds as areas with fastest and slowest falls in ATM withdrawals since pandemic revealed
1 min read
Jenny Ross, Editor of Which? Money, said:
“Though cash withdrawals may be in decline, these latest figures highlight that access to cash remains an essential for many, and this is particularly true for those on lower incomes, for whom cash can be an essential tool for budgeting. Recent online banking outages have also served as a reminder of the value of cash as a back-up.
“As the UK’s bank branch network continues to be cut to the bone, many are being forced to travel longer distances to access cash or banking services. The Government has pledged to introduce 350 new banking hubs in the next few years to plug gaps in coverage - it must ensure these are delivered, and revise that figure upwards if necessary.”
-ENDS-