The number of free-to-use cash machines has fallen by more than a quarter across the UK since 2018, according to consumer watchdog Which?, while in some of the most deprived areas there has been a three-fold increase in cashpoints that charge to withdraw money.
In one part of Glasgow known for its economic inequality the number of fee-charging cashpoints rose by more than 200 per cent, the research showed.
“There are two and a half million people in the UK who are reliant on cash to pay for essential products,” said the report. “A further seven million people say they would struggle without cash.”
“We believe people must be supported to make the transition to online banking where possible.”
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The consumer group is calling on the government to make good on its 2020 promise to protect access to those who depend on cash through new legislation or risk cutting off millions who may not have access to digital bank accounts. With the upcoming Budget on Wednesday (March 3) they are asking the Chancellor to set a timetable to safeguard the cash system.