You What? The Use Of Cash Is Up!!

Digital Finance Analytics (DFA) Blog

Dec 07 2023 | 00:08:38

00:00 / 00:08:38

Show Notes

An average of more than 50 UK bank branches have closed each month since 2015 and campaigners fear some retailers could stop accepting cash if it becomes too burdensome to process. That said, under government rules, free withdrawals and deposits will need to be available within one mile for people living in urban areas. In rural areas, where there are concerns over “cash deserts”, where the maximum distance is three miles. This is important because cash remains a necessity for millions of people, research has found, with the elderly and those with disabilities among those likely to struggle. Branches have […]

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