November 27, 2020
BANK branches and cash points have been one of the main financial casualties of coronavirus as lockdown rules forced industries to adapt. In recent months, the government and financial regulator (FCA) have stepped forward to ensure physical cash use is protected but if current trends continue, bank branches could become a thing of the past.
Cash access has become a difficult element to manage for the government as digital alternatives emerged and coronavirus restricted physical movement. While many financial obligations can be handled online, the importance of having physical branches cannot be understated as pensioners are likely to suffer should they disappear from highstreets.