Robots and coffee shops: how banks could replace cash machines

Banks are testing innovative new ways to ensure we all have access to our money

Banks have three months to protect people’s access to cash and if they don’t they could be forced to by law.

Regulators fired a warning shot to executives from Lloyds, HSBC, Santander, Barclays, RBS and other high street banks at a confidential industry meeting held online this month. This week plans were revealed for a pilot scheme that will allow banks to share branch facilities, which campaigners hope will lead to innovative solutions to the problems thousands face in getting access to their money.

Cash use in some parts of Britain fell by as much as 90 per cent during the coronavirus lockdown in the spring and hundreds of cash machines were closed. Despite this, about five million people still rely on cash, according