“A decision by Barclays to pull out of an agreement allowing bank customers to withdraw cash from post offices for free has been criticised as “shocking”.
The bank is the only one to scrap over-the-counter cash withdrawals at Post Office branches, with 28 other UK banks signing up to a new deal that means millions of people can continue to benefit from free access to everyday banking services.
The move by Barclays prompted a wave of criticism, including from a regulatory body, and appears to be linked to a sizeable rise in the bank-funded fees paid to postmasters for providing these services. Barclays has separately announced its own proposals, which it said were designed to boost bank branch demand and improve access to cash. …”