A number of bank branch closures have been announced across Brecon and Radnorshire, and this will be understandably unsettling for those who use these branches on a regular basis.
Many people in Brecon and Radnorshire rely on free withdrawals and deposits of cash in our towns and villages. The ability to make deposits is vital for the elderly and most vulnerable in our community who frequently use cash as their choice of payment, as well as to small businesses and their ability to take cash.
Whilst it is important to recognise that banking is changing, banks now need to work with customers to make them aware of new ways in which to access their cash. I have emphasised in meetings with bank company representatives that they must ensure nobody is left behind during the ongoing transition to widespread online banking.
Thankfully, banks have committed to continue servicing Brecon and Radnorshire for the foreseeable future through the establishment of mobile banking hubs, allowing residents to use the financial services they have long relied on. As your MP, I will continue to engage with banking companies to secure access to cash for all.
You can find my work on this below:
