Bank Services: Urban Areas
The question
To ask the Chancellor of the Exchequer, what steps the Government is taking to prevent the loss of in-person banking services in towns.
Answered by Emma Reynolds
The Government understands the importance of face-to-face banking to communities, high streets and towns across the UK, and is committed to championing sufficient access for all as a priority. This is why the Government is working closely with banks to roll out 350 banking hubs, which will provide local residents and businesses up and down the country with critical cash and banking services. Over 200 banking hubs have been announced so far and over 100 are already open.
Alternative options to access everyday banking services can be via telephone banking, through digital means such as mobile or online banking and via the Post Office. The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check their balance, pay bills and cash cheques at 11,500 Post Office branches across the UK.
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