Bank Services: Rural Areas

(asked on 18th October 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans his Department has to ensure rural and remote communities have access to local bank branches.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 24th October 2017

The Government recognises the need to support local communities adapt to changes to banking, including when branches close. The Access to Banking Standard commits banks to communicate with and assist customers when a branch closes. And since January, 99% of personal and 75% of business customers are able to bank at one of Post Office’s 11,600 branches nationwide. Ultimately, decisions on the opening and closing of individual bank branches are a commercial decision for the banks involved.

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