Nigel Farage accuses Barclays of trying to ‘kill cash' [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
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Source: Yahoo! Finance
From July, an annual limit of £20,000 will apply to the amount of cash which can be paid into Barclays personal accounts, including any associated children's accounts. The limit will then be reset in January of each following year. Any cash paid in at branch counters and at self-deposit machines will count towards the total. Former Ukip leader Nigel Farage was among those to condemn the change, telling The Telegraph: “The banks want to kill cash. Their behaviour is a disgrace.” The high street bank follows the lead set by NatWest, which caps deposits to £3,000 a day, or £24,000 in any 12-month period, after changing its rules last September. The bank was last year accused of moving customers towards a “cashless” society when it made the changes amid a “debanking” scandal sparked by Mr Farage when private bank Coutts closed his account over his “xenophobic, chauvinistic and racist views”. The fallout led to Dame Alison Rose, the chief executive of NatWest stepping down, afte
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