![]() Apple and the Apple Logo are trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. Calls to 03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile. *Calls to 0800 numbers are free of charge from a landline or mobile. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security. This site is intended for UK Residents unless otherwise stated. Small Change Big Difference® is a registered trademark of Yorkshire Building Society. Registered address: Tavis House, 1-6 Tavistock Square, London WC1H 9NA. Age UK is a charitable company limited by guarantee and registered in England and Wales (registered charity number 1128267). Egg is a registered trademark of Yorkshire Building Society. References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies. Head Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. We're calling on the government to act now to protect cash for as long as people need it.Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Which? welcomed Chancellor Rishi Sunak's pledge to protect cash in the 2020 Budget, but the government is yet to follow up these words with legislation. Find out more: big retailers sign Which? cash pledge. ![]() Smaller independent businesses have also signed up to help reassure local customers who prefer to use cash. So far, more than 200 businesses have signed up, including Aldi, Co-op and John Lewis. Norwich, United Kingdom Business Development Consultant (contract) RSA Mar 1999 - Mar 20034 years 1 month Liverpool, United Kingdom Furness Building Society 10 years 9 months IT Development. We launched our Cash Friendly Pledge in May 2021 to give retailers the chance to show customers they welcome payments in cash. Sign up to the Which? Cash Friendly Pledge Find out more: what we learned from the Which? Cash Summit.We also found that one in five people had had cash payments rejected since lockdown restrictions eased. But Which? research shows this isn't necessarily because people have stopped wanting to use it.Įarlier this year, we surveyed 2,000 people and found three in five had experienced issues accessing cash during the pandemic. Find out more: Barclays to close more branches in 2022Īs TSB says, the coronavirus pandemic has accelerated cash's decline.'The government must urgently press ahead with long-promised legislation that guarantees consumers can continue to access cash for as long as it is needed.' Greater scrutiny of branch closures must be in place to ensure that people who rely on cash can access it. 'Many consumers rely on bank branches for vital services, including accessing cash. Gareth Shaw, Which? Head of Money, said: 'These closures mean that over 300 TSB branches across the country will have closed their doors in three years, which seems to fly in the face of work being done across the industry to protect access to cash. People in rural Wales are most likely to need to take a long journey to find a bank branch, with 7.5% of homes more than 16km away from one. In rural England, for example, 77.3% of people live less than 2km from a free cash source, versus 99.7% of people in urban areas.Īs for how close people are to bricks-and-mortar bank branches, the FCA says 60.1% currently live within 2km of one, down from 61.8% in the previous quarter. While the FCA did find that the majority of people in the UK live relatively close to a free cash access point (be that a bank, ATM or Post Office), it's a bleaker picture when you zoom into the local level. The latest data from the Financial Conduct Authority (FCA) revealed that there were only 5,599 branches from larger banks and building societies that offer personal current accounts left open in the UK in June 2021. With hundreds of bank branches closing each year, people who use cash day-to-day are being left with far fewer options. Find out more: is my local bank closing?.It says it will maintain its position as the seventh-largest bank branch network in the UK with over 200 locations. The bank says it will not close branches in areas where a TSB branch is the 'last branch in town'.
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