MoneySavingExpert News

Cash

Banks to be fined if they fail to provide free access to cash under new laws – here's what's happening

Banks and building societies will face fines if they fail to protect consumers' free access to cash under new powers being given to the financial regulator.

18 August 2023

The new bank branches: seven 'banking hubs' now up and running across the UK as latest opens in Scotland

The newest hub in Carnoustie, Scotland opened this week – and more than 60 other hubs are planned for locations around the UK.

9 August 2023

Barclays launches new cash withdrawal service at 1,000s of shops, pubs and cafes – and anyone can use it

Thousands more local businesses across the UK will now let shoppers withdraw from 1p to £100 in cash for free – without them having to buy anything – as part of a new initiative by high street bank Barclays.

10 October 2022

Today is the last day to use paper £20 and £50 notes before they become unusable - check down the back of your sofa now

There's just days left before paper £20 and £50 notes are withdrawn from circulation, so act now before shops stop accepting them. You can spend the notes until, and including, Friday 30 September but after that you'll have to bank them or swap them.

30 September 2022

You've got 100 days to use paper £20 and £50 notes before they become unusable - so check your pockets and down the back of sofas now

Time is running out to check down the back of your sofa for any soon-to-be-discontinued paper £20 and £50 notes. There are only 100 days left before they become invalid but the latest figures from the Bank of England show there are almost £15 billion-worth of notes still around.

23 June 2022

Financial regulator to punish banks and building societies that don't protect people's access to cash

Under the new 'Financial Services and Markets Bill' banks and building societies will have to ensure cash withdrawal and deposit facilities are available to customers in communities across the UK.

19 May 2022

Millions of people would struggle if the UK became completely cashless, report finds

A huge 10 million people would be left struggling to cope if the UK was to go completely cashless, a new report by the Royal Society of Arts (RSA) and cash machine network Link has found. It comes at a time where more and more people are going digital and the number of bank branch closures continue to rise.

30 March 2022

Check pockets and purses for paper £20 and £50 notes as there are millions of them still around – and you'll soon no longer be able to use them

Time to check down the back of your sofas for any soon-to-be-discontinued paper £20 and £50 notes as the latest figures from the Bank of England show there’s £17.6 billion-worth still floating around. But be quick as there are only a few months left before they become invalid.

25 March 2022

Shoppers to be able to get cashback without buying anything under new proposals

Consumers would be able to get cashback from shops without making a purchase under new Government proposals, which are designed to protect access to cash

15 October 2020

Barclays reverses decision on post office cash withdrawals

Barclays has scrapped plans to stop customers being able to withdraw cash from post offices

25 October 2019