Banks are quickly disappearing from high streets with another 193 branches set to close in 2023.
According to Which?, banks and building societies have closed, or have scheduled to close, a total of 5,355 branches since January 2015. Many banks, including Lloyds, Halifax and NatWest have already announced further closures for 2023.
While many have turned to online banking to manage their money some people - such as the elderly or vulnerable - still prefer to manage their finances with the use of cash. Physically seeing the cash in your hand can help to keep a grip on your outgoings as it is easier to see how much you physically have to spend.
