PARLIAMENTARY WRITTEN QUESTION
Post Offices: Bank Services (8 February 2017)
Question Asked
Asked by:
Simon Hoare (Conservative)
Answer
The Government recognises the value of post offices to communities across the UK and understands that they are an important option for customers and small businesses to access a range of financial, mails and Government services. The Post Office estimates that it processed over 110 million banking transactions last year - a six per cent increase on the previous year.
Last month, a new industry wide agreement between the Post Office and UK banks came into effect which means that 99 per cent of UK personal bank customers and over 75 per cent of business customers are now able to do their day-to-day banking at the Post Office.
Answered by:
Margot James (Conservative)
20 February 2017
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