Bank branch closures

Bank branch closures

Bank branch closures

A number of banks have recently announced branch closures across Mid-Scotland and Fife.

Since these announcements, I have been active in campaigning to ensure that affected communities retain some access to banking services and that the relevant banks re-consider their positions.

While it is clear that people have changed the way they use banks in recent years, the loss of high street banks in smaller towns or villages can adversely affect vulnerable communities.

In some areas, branch closures mean that the only option for residents to withdraw money is to use private autoteller services that will impose extra charges.

As a member of the Economy Committee of the Scottish Parliament, I will be looking into the issue of bank branch closures in further detail in the months to come.

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