UK to Guarantee Access to Cash as Banks Shut Branches

File Photo: The Financial Conduct Authority has fined Lloyds Bank £90 million for misleading letters, risking customers paying more for home insurance renewals. (Tolga Akmen/AFP via Getty Images)

The UK government on Wednesday said it would legally guarantee access to cash as banks increasingly shut branches in the digital age.

"Millions of people across the UK will benefit from new legislation to protect access to cash," the Treasury said in a statement.