Bank Services: Access

(asked on 26th February 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent steps he has taken to help ensure that people living in (a) Coventry North East constituency, (b) Coventry, (c) the West Midlands and (d) England have access to banking services.


Answered by
Bim Afolami Portrait
Bim Afolami
Economic Secretary (HM Treasury)
This question was answered on 29th February 2024

The Government believes that all customers, wherever they live, should have appropriate access to banking and cash services, and is monitoring this issue closely. It is imperative that firms recognise the needs of all their customers, including those who need to use in-person services.

UK banking customers can access banking services through a number of different channels. This includes in branches, Post Offices or Banking Hubs, as well as via telephone banking and through digital means such as mobile or online banking.

The Post Office allows personal and business customers to carry out everyday banking services at 11,500 Post Office branches across the UK.

Banking Hubs are an initiative which enable customers of participating banks to access cash and banking services in shared facilities. Over 100 Banking Hubs have been announced so far, including in Stone, Cheadle and Pershore in the wider West Midlands region, and the Government hopes to see these all open as soon as possible.

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