Barclays is rolling out a new service that will offer customers a new way to withdraw money from their accounts.
The scheme will mean people can get cashback from small businesses, such as pubs, cafes and small independent shops, without the need to make a purchase. Customers of any bank with a Visa or Mastercard debit card will be able to withdraw up to £100 per day, without needing to buy anything.
In return, Barclays said participating businesses will be paid a transaction fee by the bank. Thousands of small businesses around the UK with a Barclaycard Payments terminal are already enabled to offer the service, and Barclays said it will be working with them to promote the service in communities.
READ MORE: UK households to see £1,450 wiped from bank accounts
Businesses involved may, for example, display a sign in their window, alerting customers to the service. People will be able to receive coins as cashback and there is no lower limit on withdrawals.
This means they can take out precise amounts in pounds and pence - which may be particularly helpful to households trying to manage their finances on a tight budget. The service may also make it easier for people to spend money in their local community, potentially benefiting businesses.
Bank branch closures have fuelled concerns about people being able to access their own money. Various initiatives have been taking place to fill in the gaps, including cashback schemes such as that being offered by Barclays, "banking hubs" where facilities are shared between banks, and installing ATMs in areas where there is a particular need.
The Post Office also has an agreement with many banks, enabling people to do their everyday banking over its counters. The Government has previously said it will legislate to preserve the future of cash.
Tim Allen, head of access to cash at Barclays UK, said: "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."
Natalie Ceeney, chair of the Access to Cash Action Group, said: "This new service from Barclays is very welcome. 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."
Receive newsletters with the latest news, sport and what's on updates from the Liverpool ECHO by signing up here
READ NEXT:
Bank holiday for Christmas Day moved from December 25
Sainsbury's and Tesco customers could be fined when 'just nipping in' to shop
Full list of banned dog breeds in the UK
Thomas Cook passenger 'had one pint of lager' before causing flight chaos
Lidl, Tesco and Asda warnings as customers urged not to eat chocolate and rice
