YP Comment: The bank balance
Now the bad news. Despite recognition that not all customers are tech-savvy, further branch closures cannot be ruled out due to the digitalisation of banking.
Ominous words for those who value a personal banking service, not least its trustworthiness and security at a time when the issue of cyber security has never been more important, it’s further reason why the Government, and financial sector, should implement The Yorkshire Post’s call for tighter rules governing the closure of local branches.
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Hide AdWhen branches are shut down, some cashpoints are also being withdrawn making it harder for customers, and the less mobile in particular, to access their money. It’s quite simple – no closure should be sanctioned until alternative provision, guaranteed for five years minimum, is in place.