LAW TO BAN SHOPS / BUSINESSES NOT TAKING CASH PAYMENT 

Save Free Cashpoints and 
Paying by Cash

Consumer group Which? found that
52 per cent of regular cash users said it helps them keep track of their spending, and 
20 per cent who do not use cash regularly said they would start if the cost of living crisis worsened. 

Which? found that 4,685 bank branches have closed since 2015 and 12,178 free-to-use ATMs have been axed since 2018. 

John Howells, Chief Executive
of ATM network Link, informed that
around 10m people rely on cash. 

Philip Bowcock, chief executive of ATM provider NoteMachine, said that geographic requirements of where cashpoint machines are sited should not be just as the crow flies, but where needed by people. 
He also said that how free-to-use ATMs are funded needs to be ensured. 

Link Source Sky News  10 May 2022 about a new Financial Services and Markets Bill that is coming, announced in Queens Speech, but details still unknown   

Improved support for cash in this digital age 

  • Unlike the coming Bill, Over 50s party would pass law to make paying in cash mandatory by businesses and shops. 

  • Ensuring bank branches and cashpoints in deprived and rural areas, so have access to cash. 

  • Ensuring more post office shops, who offer Everyday Banking services for cash, like free to use ATMs and access to your bank for cash and cheques. 

      • The Post Office has an agreement with many banks that enables people to do their day-to-day banking over its counters.

  • The UK banks and building societies would play a greater role in supporting their customers as we move towards an increasingly digital society.