"More shared banking hubs will open in UK towns and villages as banks continue to close a swathe of branches.

Major banks have signed a new voluntary agreement which means an independent assessment of local needs will be carried out each time a branch is shut.

These reviews could recommend a shared branch is opened, an ATM installed or a Post Office upgraded. Banks will commit to deliver whatever is recommended.

This should ensure vulnerable customers and businesses have access to cash.

An estimated five million people still rely on cash, and basic banking services are considered key to the survival of notes and coins. For example, small businesses unable to deposit their takings nearby may choose to only accept card, rather than cash, payments."

Bank branches: Rival banks join forces to protect future of cash