Source: British Parliament News
10 October 2019
Barclays has announced that the ability of its customers to withdraw cash from post offices will end from January 2020.
Commenting on the announcement, Catherine McKinnell MP, Interim Chair of the Treasury Committee, said:
“The Treasury Committee has said repeatedly that free access to cash must be maintained for those who need it. Barclays decision to prevent their customers from withdrawing their own cash from post offices is, therefore, hugely disappointing. “As the Access to Cash Review pointed out earlier this year, over eight million adults would struggle to cope in a cashless society. If banks aren’t going to act, the Government must do so immediately. “The Government should implement the recommendations of the independent Access to Cash Review urgently. Failure to do so risks the UK inadvertently becoming a cashless society, which would have stark consequences for the most vulnerable in society. The Government must move beyond reviews into an immediate action plan. “Banks cannot be left to dictate what happens to people’s ability to access their cash. The use of cash cannot be left to wither on the vine.”