Ceredigion MP launches Community Banking Survey for local organisations


Ben Lake MP has launched a short survey to seek the views of local organisations, clubs and societies on the services available to their community bank accounts.

Many organisations have shared concerns with the Ceredigion MP that local branch closures have impacted on their ability to open bank accounts, change account signatories and withdraw and deposit cash. As a result, many societies, charities and third-sector organisations are having to deal with increased travel expenses, heightened security issues and cashflow problems all resulting from the lack of local banking services.  

Mr Lake said: “I have been contacted by several community organisations with concerns about changes to the way their community bank accounts are being administered and the lack of face-to-face banking services available to them locally.” 

“I have been informed that one high street bank will be introducing significant changes to its community bank accounts, including charging a £5 monthly fee and additional fees for all cash transactions carried out over the counter. Another community organisation has explained the challenges they encountered when trying to change bank account signatories, a process that was a straightforward procedure a few years ago.” 

“I would like to better understand the extent of the problem for our local clubs and societies, and to this end, I would be grateful if local organisations would share their own experiences by completing my short online survey.” 

The  online survey will close on the 1st of October 2021 and can be accessed online: https://forms.gle/rYSYHX5Vae3jX7Tb8 

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  • Carys Lloyd
    published this page in News 2021-09-03 12:21:14 +0100

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