We’re today hosting a follow-up summit to ensure cash remains a viable method of payment. We’re also launching our Cash Friendly Pledge – here’s how it works.
15/12/21: UK Finance proposals
Today, UK Finance launched proposals to support people’s access to cash. The solutions were achieved by the Access to Cash Action Group (CAG) created ahead of our Cash Summit in May, in which UK Finance Chief Executive David Postings made a series of commitments to enduring people can continue to access cash.
We welcome these proposals, but we believe that only legislation can secure cash’s future. Last week we called on banks to pause branch closures until new/alternative solutions to support access take effect.
We’ll be watching closely to see how the measures are working, and prevent communities from being cut adrift.
We’re happy to see the new proposals to support access to cash put forward by UK Finance.
Several months after our ‘Cash Summit’ with key stakeholders from government, regulators, and industry, where we secured commitments to protect access to cash, we welcome this news! pic.twitter.com/GyGK9fwwv1
— Which? (@WhichUK) December 15, 2021
13/05/21: Post-meeting update
At today’s Cash Summit we were delighted to hear Economic Secretary to the Treasury John Glen confirm that a consultation on cash legislation will be launched in the Summer. This is an extremely positive development towards getting these critical long term protections introduced.
The government must deliver at pace on it’s promises, or risk leaving the cash system vulnerable to further damage.
We also heard about UK Finance’s commitment to protecting access to cash, and the launch of its new Cash Action Group, which will be led by Access to Cash Review Chair, Natalie Ceeney, in addition to renewed commitments from the Post Office and major banks to supporting the provision of cash access for consumers.
While we welcome and support efforts from across the cash system to make progress on this issue, we are clear that voluntary initiatives or public commitments can not replace government or regulatory oversight.
We now need a firm commitment from the Treasury on when this legislation to protect cash will be introduced, as the system will continue to be under enormous pressure until it is brought forward.
Cash summit
Two years on from our first Cash Summit, we’re bringing together key figures from across government, regulators and the payments industry again to cover the challenges, following the outbreak of the pandemic, as well as the potential solutions, to ensuring cash can remain a viable method of payment for those with no other option.
Now is a critical juncture in the fight to protect access to cash. Despite the government’s commitment to legislation in last year’s Budget, this has still not been introduced, and we remain deeply concerned at the slow rate of progress in getting these protections agreed and in place.
Today, our Chief Executive Anabel Hoult will be calling on the government to set out when legislation to protect access to cash will be brought forward, and to provide greater clarity about its long term plan to ensure that the millions still reliant on cash can continue to access it as the shift to digital intensifies.
The event will include speeches and contributions from Economic Secretary to the Treasury John Glen, FCA Executive Director of Consumers and Competition Sheldon Mills, Natalie Ceeney, who chaired the powerful Access to Cash review, Matt Hammerstein, CEO of Barclays, Jeni Mundy, MD of Visa UK & Ireland, David Postings, CEO of UK Finance and Nick Butt, Head of the Future Money Division at the Bank of England.
Our Cash Friendly Pledge
To coincide with our event, we’re also launching our Cash Friendly Pledge, working with some of the biggest names in retail to protect people’s ability to spend cash.
Proud to support @WhichUK Cash Pledge campaign, helping those customers who prefer using cash to pay for goods. Using our Post Office to withdraw cash also helps support a vital local service.#cashpledge #cashfriendly #whichmagazine #shoplocal pic.twitter.com/eOVKtIOMu1
— Ann/Christine from Hopes (@HopesofLongtown) May 13, 2021
The pandemic has undoubtedly had a dramatic impact on the way we access and spend cash. While many people have successfully made the jump to digital payments, enjoying the convenience and speed that cards and contactless can offer, there still remain millions of consumers who rely on cash.
In fact, our recent research found that 2.5 million people depend on cash for every transaction, while 10 million people say they are unready, or unable, to give it up.
However, with more people shopping online and concerns that cash is unsafe to handle – which have since been debunked by the Bank of England – some businesses have discouraged the use of cash over card, or gone completely cashless altogether, leaving millions shut out from buying the things they need.
Late last year we found around one in three consumers had reported being unable to pay with cash at least once when trying to buy something since coronavirus restrictions were first introduced, including even essentials like food and medicine.
That’s where our Cash Friendly Pledge comes in: a public commitment from businesses that they’re accepting cash as a payment method across their stores.
Who’s taken the pledge?
So far, we’ve seen some of the biggest supermarkets and pharmacies take our Pledge, including Aldi, Asda, Co-op, John Lewis, LloydsPharmacy and Waitrose. What’s more, we’ve also been backed by leading retail associations that represent tens of thousands of shops across the country.

The British Retail Consortium, Association of Convenience Stores and the British Independent Retailers Association are all encouraging their members to sign up. The Bank of England has said that by signing up “businesses are helping to ensure that everyone in the UK is able to use the form of payment that best meets their needs”.
You can find out more about the pledge and see the full list of businesses involved here.
Additionally, we’ve supplied retailers with Cash Friendly Logos which they can use to signpost their cash accepting status in store and online, ensuring consumers feel confident that their cash won’t be rejected at the till.
Which businesses would you like to see take the pledge? Let us know if you’ve spotted the logos while out and about and help us ensure that cash remains a viable payment method.