Oct 24, 2019

Barclays u-turn on cash access in post offices

Earlier this month, the Post Office unveiled a new agreement, covering the three years from January and allowing for postmasters and post mistresses to be paid more to take in and dispense cash. Barclays is the only one to exclude cash withdrawals from its part of the agreement. "We are confident that those actions would ensure that all of our customers, vulnerable and otherwise, continue to have access to cash, and we believe that our plans will ultimately expand access to cash through, for example, the free to use retailer cashback scheme we are launching," Mr Staley said. "Natalie Ceeney, who chaired the Access to Cash Review which called for an guarantee for future access to notes and coins, said:"I'm glad Barclays have come to this decision. Economic secretary to the Treasury, John Glen, who met with Barclays bosses earlier on Thursday, said: "It is vitally important that we have a model for the Post Office Banking Framework which is sustainable, now and in the future. We welcome Barclays' commitment to engage constructively on this so we can safeguard access to cash for everyone who needs it."

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