Fears for small businesses as bank branches refuse to give out small change

Mail Online | 6/21/2019 | Amelia Murray For The Daily Mail
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Soaring numbers of bank branches are refusing to accept or offer coins.

In another sign that Britain is heading towards a cashless society, up to one in ten branches at major banks refuse to handle change.

Blow - Businesses - Bank - Branches - Change

It will come as a blow to small businesses that rely on bank branches for change, as do schools and charities running fundraising events and families hoping to exchange the contents of money boxes.

Experts accuse banks of attempting to push coins 'out the back door' just weeks after ministers U-turned on plans to scrap coppers.

Communities - Numbers - Branches - Years

They warn that rural communities that have lost significant numbers of branches in recent years could be worst affected.

Most of the big banks have so-called 'counterless' branches where customers use machines to deposit or withdraw cash.

Service - Counters - Customers - Access - Notes

Without traditional service counters, it means customers only have access to notes and cannot request or deposit coins.

Britain's biggest bank, Lloyds Banking Group – which includes Lloyds, Halifax and Bank of Scotland, has 55 coinless branches – around 3 per cent of its total of more than 1,700.

Santander - Coins - Cent - Branches - Sites

Santander does not offer coins in almost 10 per cent of its branches. Some 59 of its 614 sites are counterless.

Some 21 HSBC branches are also now coinless. Although the bank claims that 16 of these are within a five-mile radius of another HSBC branch that does accept coins.

Barclays - Sites - London - Customer - Enquiries

Barclays has ten self-service sites. Two in London created for customer enquiries and appointments do not allow any cash withdrawals at all, including notes. NatWest has one digital store in Leeds that does not offer coins.

Pensioner Jennifer Grimsby is typical of the sort of person affected. She used to go to the Halifax in Skipton, North Yorkshire, to get coins to pay for parking at regular hospital visits. But after it was refurbished, it no longer handled coins.


She said: 'It looked like...
(Excerpt) Read more at: Mail Online
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Democrate or Republican, the difference is less than the thickness of a cigarette paper, or a slice of pastrami at a delicatesean.
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