Bank Services
The question
To ask the Chancellor of the Exchequer, what steps her Department is taking to help preserve access to banking on high streets.
Answered by Tulip Siddiq
The Government recognises the importance of banking to communities and high streets and has committed to work closely with banks to roll out 350 banking hubs over the next five years. These will provide individuals and businesses up and down the country with critical cash and banking services.
So far, 147 banking hubs have been recommended and Cash Access UK, the industry body responsible for banking hub deployment, expects 100 banking hubs to be open before the end of the year.
While not the same as a bank branch, alternative options to access everyday banking services can also include telephone banking, through digital means such as mobile or online banking, and via one of the UK’s 11,500 Post Office branches.
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