Consumers and businesses will have a legal right to withdraw and deposit cash within "a reasonable distance" of their home or premises, under new government plans.
This is good news for those who have noticed the number of local bank branches that have shut down in their areas. The proposals have been welcomed by campaigners who have voiced their fears that limited cash access hurts those who need it most- it's estimated that eight million people still rely on cash.The plan is to make sure that notes and coins remain within 1 kilometre of all businesses and homes but a consultation will take place first and finalised in September.
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