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Banking Update for Over-60s: Understanding the New UK Withdrawal Limits

New withdrawal checks are being rolled out across major UK banks — and many people over 60 are beginning to feel the impact. In this video, we explain what’s changing, why banks are doing it, and how it could affect your daily finances, independence, and access to cash.

From over-the-counter withdrawal limits, to ATM caps, to new “security questions” at the branch, we break everything down in clear, simple terms so you know what to expect and how to prepare.

If you’re paying tradespeople, helping family members, or simply prefer budgeting with cash, these new rules matter. We also discuss what over-60s can do to avoid delays, refusals, or embarrassment at the counter — and how to protect yourself from scams at the same time.

Stay informed about the financial changes affecting UK pensioners, retirees, and older adults. Your money is yours — and understanding these new rules can help you access it when you need it most.

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