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The accelerating pace of bank closures is being compounded by threats to the future of free ATMs. This affects both older people and their carers who face being drawn into a more intrusive support role where older peole are reluctant to move to electronic banking. Which? is now campaigning to protect free ATMs and Treasury Committee chair Nicky Morgan has warned against further erosion of the ATM network.
Hilary Cooper, one of our founding directors, has studied older people' dependence on cash and face to face contact for their banking, and the impact of bank/ATM closures on their independence. Read Hilary's blog for the Oxford Institute of Population Ageing here.
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