The provided text from Lirengpo is an article reporting on a significant policy change by UK banks to introduce new cash withdrawal limits for customers aged 65 and above, effective from 19 September 2025. The initiative, driven by pressure from the Financial Conduct Authority (FCA), aims to curb rising fraud and scams targeting older citizens by imposing a maximum daily cash withdrawal limit of £500 and a weekly cap of £2,000. While the measure is intended for enhanced security, the article discusses the resulting concerns raised by critics, such as Age UK, regarding the potential impact on the financial independence and convenience of pensioners who heavily rely on physical cash and may lack access to digital banking alternatives. The source also outlines options for pensioners who require larger sums, such as providing advance notice for branch withdrawals, and notes that the change is part of the UK’s broader transition toward a less cash-dependent digital economy.
https://lirengpo.com/uk-bank-withdraw...
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