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ATM closures

Journalist: Samantha Downes, Currently at the I (business editing some Sundays (freelance) and Mortgage Solutions

ended 26. April 2022

I'm looking for comment (and advice) on the Which? research which is coming out first thing tomorrow. They are urging the government to act now to ‘save cash’.

This is for inews.co.uk

2 responses from the Newspage community

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Cash is king but is the king dead? Digitalisation of currency was already taking over the world before the pandemic, but Covid expedited the speed at which the change has happened. It's now more an exception than the norm, to see a shopper paying with cash. This is simply because as well as the hygienic aspect, electronic payments bring speed and convenience to the vast majority of individuals and businesses. But like any change, it is the most vulnerable in society who can find it the most difficult to adapt to change. These are the people that need access to cash services and shops and services that advertise 'card only' services should think hard whether they are excluding vulnerable people from accessing their goods and services.
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I believe a cashless society is neither desirable in a democracy or good for the economy. When I used to work in a high street bank, many deprived and vulnerable customers would get declined for even just a basic bank account. This could be due to not having the right ID documents, address issues and just computer says no. Cash does not discriminate, requires no paperwork, doesn't need charging and provides an uncensorable backup to our increasingly digital world.