Bank branches

Elsewhere on the Web provides updates and links to articles related to cash, money and payments curated on the web.

Australia’s cash infrastructure has contracted sharply in recent years. Banks and retailers have reduced cash services, even in urban areas.

Cash prevails in the Palestinian economy in the form of Israeli shekels. Cross-border payments are unstable. Cash transfers will have a limited impact without humanitarian supplies to help displaced Gazans.

According to the FDIC, 81.5% of U.S. households were banked in 2021. ATMs and bank branches remain essential for seniors, lower-income, less-educated, and rural families to access financial services.

A year ago, a Spanish retiree’s viral campaign showed how banking’s rampant digitalization (accelerated by the Covid-19 pandemic) has increased senior adults’ financial exclusion.

Just three days after making the announcement, AIB scraps its decision to remove cash services from a third of its branches, following significant backlash from consumers, business owners, farmers and politicians.

A new paper analyses the spatial distribution of ATMs and bank branches in Switzerland. On average Swiss residents have easy access to cash as 90% live within 2.7 km of an ATM and 3.7 km of a bank branch. Those who live more than 5 km from an ATM or bank branch account for 2.6% and 4.9% of the population, respectively.

Three of Britain’s four largest banks have teamed up to launch banking hubs specifically designed to cater to the needs of businesses managing cash and cheque transactions.