Barclays Bank is rolling out a new cashback without a purchase service in thousands of locations across the UK.
Unlike ATMs, consumers will also be able to receive coins, with no lower limit and non-round amounts such as £8.64 allowed.
The service, legislated for under the Financial Services Act 2021, is intended to help towns affected by a wave of bank branch and ATM closures across the country.
Tim Allen, head of access to cash at Barclays UK, says: “While an increasing number of our customers choose to pay digitally, we recognise that for some, cash remains vital. This service will benefit communities around the country, beyond our customer base, giving them the choice and flexibility to access their money conveniently. This is part of our broader commitment to preserving long-term access to cash for those who require it.”
Barclays is also one of the driving forces behind the Access to Cash Action Group, including the rolling out of Banking Hubs, shared spaces from which the major banks operate.
Natalie Ceeney CBE, chair of the Access to Cash Action Group, comments: “ATMs work well for most people, but having additional places to withdraw cash, particularly if you want to get out less than £10, can help communities and small businesses as well as vulnerable consumers. Making cashback without purchase widely available needs to be a key part of the national strategy to keep cash accessible.”