Rival banks join forces to protect future of cash

The BBC reports more shared banking hubs will open in UK towns and villages as banks continue to close a swathe of branches

Major banks have signed a new voluntary agreement which means an independent assessment of local needs will be carried out each time a branch is shut.

These reviews could recommend a shared branch is opened, an ATM installed or a Post Office upgraded. Banks will commit to deliver whatever is recommended.

This should ensure vulnerable customers and businesses have access to cash.

Full article:

The BBC - Bank branches: Rival banks join forces to protect future of cash

SIGN UP TO OUR NEWSLETTER

Sign up to our newsletter to receive all the latest news and updates.