Spain: Cajamar delivers Cash to the Homes of the Elderly
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The ‘Banco en casa’ initiative or bank at home will allow elderly people to access cashMoney in physical form such as banknotes and coins. More without leaving their homes and having to visit a branch or ATM.
An agreement has been signed with different municipalities whereby council staff will be empowered to perform the cash service. The client must expressly authorise the town official to withdraw moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More from deposit or savings accounts held with Cajamar. The customer is required to sign a letter of authorisation for the withdrawal of funds, which will be unique and will only be valid on the day of issue, for the specified amount. It must be accompanied by the client’s original ID. The city council will designate public officials who provide home care services to carry out this function.
The initiative joins a series of innovations around the globe aimed at facilitating access to and acceptance of cash during the pandemic.
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