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Social Security Benefits: Automated Credit Transfer

Department for Work and Pensions written question – answered on 7th March 2017.

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Photo of Andrew Tyrie Andrew Tyrie Chair, Treasury Committee, Chair, Liaison Committee (Commons), Chair, National Policy Statements Sub-Committee

To ask the Secretary of State for Work and Pensions, what estimate his Department has made of the savings accrued to the public purse as a result of the change from cash payment to direct payment into bank accounts and the Post Office Card Account of benefits since that change came into effect.

Photo of Caroline Nokes Caroline Nokes The Parliamentary Under-Secretary of State for Work and Pensions

DWP is committed to battling financial exclusion and is offering support to help more customers move into banking.

We have interpreted this question to be about the change from Order Books and Cheque payments. There has been a considerable reduction in method of payment costs, however, detailed information on the savings accrued is not available and could only be provided at disproportionate cost.

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