Banks will be BANNED from closing down too quickly under new rules to help people access cash
BANKS will be banned from shutting down too quickly under new rules to help people access cash.
Under the policy, launched by the UK’s financial watchdog, banks will be required to plug the gap for customers impacted by rise in physical branch closures.
Over 6,000 banks have closed in the past decade, leaving thousands without access to physical stores.GettyThe Financial Conduct Authority’s (FCA) ruling will come into effect on September 18th.
However, the...
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