NatWest Warns of Further Cash Withdrawal Limits

Move is industry-wide drift to cashless society

A cash machine at a Lloyds Bank branch in central London, Britain, on Feb. 25, 2016. Paul Hackett/Reuters

NatWest has warned customers it will further limit the amount of cash they can withdraw from next month, amid an industry-wide drift towards cashless transactions.

The bank has told current account holders it is bringing in new rules which will give them, “the right to set limits on inbound and outbound payments.”