Call for summit in wake of new bank closures

Responding to the news that Yorkshire Building Society is closing three of its five north Wales branches, Plaid Cymru’s North Wales AM Llyr Gruffydd said:

“From speaking to Yorkshire BS management there are 14 jobs at risk from these closure plans for Abergele, Prestatyn and Llangefni branches. However, in addition to that, we’re facing a situation where customers across the region will be unable to access a branch for face-to-face financial advice or paying in money without travelling quite a distance.

“We should also look at this in the wider context of all the banks abandoning the communities that they claim to serve. Abergele is already facing the loss of its HSBC bank branch as well as this latest blow. The impact on small businesses who need to bank takings or access cash for floats has not been measured – I know of businesses who now have to close for half a day to bank takings with a 30-mile round trip.

“The banks continue to say that customers have access to their accounts through internet and telephone banking but – as we know all too well – many rural communities do not have adequate broadband or phone connections to do anything online. In addition, many people refuse to use internet or phone banking on security grounds.

“Given this ongoing cull of banks, which shows no sign of coming to an end, I’m calling on the Welsh Government to organise a summit to discuss what can be done to maintain services for individuals and also businesses.”

 

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