The Financial Conduct Authority (FCA) has confirmed its plan to protect access to cash for consumers and small businesses. Under new rules announced today, banks and building societies will need to weigh up if a local community lacks access to cash services and where significant gaps are identified, alternative options must be made available. These new powers won’t stop bank branches from closing down – but will have an impact where branch closures leave significant gaps in local cash access. Alice Haine, personal finance expert at Bestinvest said: “This is a landmark move by the FCA, benefitt…
