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What's going on with England's banks? (lemmy.sdf.org)

submitted 7 months ago by [email protected] to c/[email protected]

16 comments fedilink hide all child comments

Clueless American here. I saw a commercial for Nationwide bank promising the keep their branches open until at least 2028. Is there a push to close banks? Is this more fallout from Brexit?

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[–] [email protected] 1 points 7 months ago (2 children)

How do businesses handle cash in this situation?

[–] [email protected] 2 points 7 months ago (1 children)

I can't speak for the UK, and I'm not even sure about the situation in the Netherlands, but two things I've observed here:

More and more businesses are cashless, and those who aren't at least handle less cash.
There are machines that I kinda want to call reverse ATMs, which allow you to deposit money.

So I suppose for the remaining uses, they'll "just" have to travel longer distances?

[–] [email protected] 2 points 7 months ago

In Spain there is still a lively cash economy, the pandemic took a lot of that business away and I'm sure as the years march on it will become less so as governments squeeze anonymity out of transactions to collect more of that sweet, sweet tax money.

[–] [email protected] 1 points 7 months ago

I don't know. Probably collections by G4S and the like?