Bank Services

Treasury written question – answered at on 17 July 2013.

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Photo of William Bain William Bain Shadow Minister (Scotland)

To ask the Chancellor of the Exchequer if he will estimate the number of people without access to basic banking facilities in each parliamentary constituency in the UK; and what plans his Department has to reduce this number.

Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury

The Government do not collect this data.

The UK's basic bank account policy has been successful in driving down the number of individuals without access to such accounts within the UK. The Government is continuing to work with UK industry on access to bank accounts ahead of the introduction of universal credit and has recognised the recommendations of the Parliamentary Commission on Banking Standards regarding UK basic bank accounts.

The Parliamentary Commission on Banking Standards recommended that the major banks come to a voluntary agreement on minimum standards for basic bank accounts, including the free use of the ATM network.

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