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UK Finance and the largest retail banks and building societies made five commitments in May 2021, aimed at preserving access to cash for consumers and businesses over the long term. These commitments include:
The Access to Cash Action Group has developed and agreed a new approach to protecting cash access in the long term. This work builds on insights from the Access to Cash Pilots, which supported eight communities across the UK to trial and test different ways to allow people access to cash.
The Access to Cash Pilots formally ended on 31 October 2021 with agreement that the two Bank Hubs, one in Cambuslang and one in Rochford, be extended until May 2023.
UK Finance helps deliver on industry commitment to protect access to cash (19/12/2022) - read here
Senior appointments made to take Banking Hubs forward (17/02/2022) - read here
Pivotal moment as banks, consumer groups, Post Office and LINK join forces to help protect cash services (17/12/2021) - read here
Banking industry takes further steps to protect access to cash (17/08/2021) - read here
UK Finance responds to Access to Cash and Wholesale Markets Review consultations (01/07/2021) - read here
Banking industry commits to supporting customers who depend on cash (13/05/2021) - read here
Access to Cash Action Group Minutes of meeting (28/10/2022) -read here
Access to Cash Action Group Minutes of meeting (31/08/2022) -read here
Access to Cash Action Group Minutes of meeting (27/07/2022) -read here
Access to Cash Action Group Minutes of meeting (29/06/2022) -read here
Access to Cash Action Group Minutes of meeting (27/05/2022) -read here
Access to Cash Action Group Minutes of meeting (25/04/2022) -read here
Access to Cash Action Group Minutes of meeting (28/03/2022) -read here
Access to Cash Action Group Minutes of meeting (08/02/2022) -read here
Access to Cash Action Group Minutes of meeting (29/11/2021) -read here
Access to Cash Action Group Minutes of meeting (01/11/2021) -read here
Access to Cash Action Group Minutes of meeting (27/09/2021) -read here
Access to Cash Action Group Minutes of meeting (23/08/2021) -read here
Access to Cash Action Group Minutes of meeting (26/07/2021) -read here
Access to Cash Action Group Minutes of meeting (28/06/2021) -read here
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The Community Access to Cash Pilots was in independent initiative supported by the major banks, consumer groups and groups representing small business. It supported eight communities across the UK to trial and test scalable solutions to help keep cash sustainable. The final report was published in December 2021 and the results used to inform regulators and industry alike so that cash can remain a viable mode of payment for consumers across the UK, and so that small business are able to continue to accept and bank cash.
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