Banking Hubs: Rural Areas
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of introducing mobile banking hubs to serve people in (a) rural areas and (b) North Cornwall constituency.
Answered by Emma Reynolds
The Government understands the importance of face-to-face banking to communities, high streets, and rural areas across the UK, and is committed to championing sufficient access for all as a priority. Government is working closely with industry to roll out 350 banking hubs across the UK. The UK banking sector has committed to delivering these hubs by the end of this Parliament. Over 200 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.
Some banks also provide their own community banking services via pop-ups in community centres and libraries or operate mobile banking vans to serve more remote areas, and the Government supports these initiatives.
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