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<p>Treasury ministers and officials engage with Barclays on a variety of issues.</p><p>
</p><p>The Government recognises the continued importance of access to banking. However,
decisions on opening and closing branches are a commercial issue for banks and building
societies.</p><p> </p><p>The largest banks and building societies have been signed
up to the Access to Banking Standard since 2017, which commits them to ensure that
customers are well informed about branch closures, the bank’s reasons for closure
and options for continued access to banking services.</p><p /><p>Guidance from the
Financial Conduct Authority also sets out its expectation of firms when they are deciding
to reduce their physical branches or the number of free-to-use ATMs. Firms are expected
to carefully consider the impact of planned branch closures on their customers’ everyday
banking and cash access needs and consider possible alternative access arrangements.
This ensures that the implementation of closure decisions is undertaken in a way that
treats customers fairly.</p><p /><p>Alternative options for access can be via telephone
banking, through digital means such as mobile or online banking, and the Post Office.
The Post Office Banking Framework allows 99% of personal banking and 95% of business
banking customers to deposit cheques, check their balance and withdraw and deposit
cash at 11,500 Post Office branches in the UK.</p><p> </p>
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