Which? warns it is ‘now or never’ to halt UK’s ‘cash crisis’

Following the publication of research which shows that almost a quarter of free-to-use ATMs have vanished since 2018, consumer group Which? has stated that it is ‘now or never’ to save cash.

The research also found that almost half of the UK’s bank branches have closed since 2015, leaving individuals who rely on cash and face-to-face banking services at risk.

Which? revealed that 17 parliamentary constituencies have ‘particularly poor access to cash’. It has called for legislation to be introduced in next month’s Queen’s Speech to address the issue.

Commenting on the matter, Jenny Ross, Money Editor at Which?, said: ‘While many consumers have embraced digital banking, there are still millions, including the elderly, vulnerable and isolated, who aren’t yet ready or willing to make that switch – and they must be protected.

‘Our research highlights the devastating impact widespread bank branch and ATM closures have had on communities. With just two weeks to go until the Queen’s Speech, it really is now or never to halt the cash crisis.’

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