Post Office Banking Services

Trade and Industry written question – answered on 4th February 2004.

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Photo of Mike Hancock Mike Hancock Liberal Democrat, Portsmouth South

To ask the Secretary of State for Trade and Industry what the outcome was of discussions with major high street banks on the provision of banking services at post offices; and if she will make a statement.

Photo of Gerry Sutcliffe Gerry Sutcliffe Parliamentary Under-Secretary (Trade and Industry) (Employment Relations and Consumer Affairs)

As a result of constructive discussions with the major financial institutions, all the high street banks and the Nationwide Building Society are making a very positive contribution to universal banking services, providing customers with free access to basic bank accounts at post offices, and making significant financial contribution (£180 million) to the cost of running the Post Office card account.

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