CLEAN : UK start up steps in to cash access gap in towns hit by bank closures

The video discusses the challenges faced by individuals and small businesses due to bank branch closures, particularly affecting those who prefer cash transactions and the older generation. It highlights the importance of financial inclusion and the impact of these closures on communities across the UK. Personal experiences are shared to emphasize the need for face-to-face banking services.

What is one of the main reasons people prefer to pay in cash according to the video?

• To save time

• To avoid bank fees

• To keep track of their spending

• To earn rewards points

What is a significant challenge faced by the elderly due to bank closures?

• Increased travel distance to access banking services

• Higher transaction fees

• Limited access to online banking

• Lack of customer service

What initiative was started to address the issue of bank closures?

• A new online banking platform

• A financial inclusion drive

• A community savings program

• A mobile banking app

How did the closure of a local bank branch affect the narrator's grandmother?

• She started using a different bank

• She stopped using banking services

• She needed to travel by bus to a nearby town

• She had to switch to online banking

What is a common struggle mentioned in the video regarding bank branch closures?

• Limited ATM availability

• Difficulty in accessing face-to-face services

• Longer queues at remaining branches

• Increased banking fees