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Access to Banking: Age Cymru's Response to National Assembly for Wales Economy, Infrastructure and Skills Committee report

Published on 12 November 2019 11:14 AM

Welcoming the report's findings, Age Cymru's Policy and Campaigns Manager, Dr Valerie Billingham said:

"Banking is an essential service and the Welsh and UK Governments should ensure that all older people and the businesses, clubs and societies upon which they depend have a convenient, safe and affordable way to receive, store and make payments. The Welsh Government should encourage diversity in the banking and financial market by, for example, continuing to help develop credit unions.

"We believe that all current and basic bank accounts must be fully accessible at post offices and that banks should consider sharing branch networks in areas where the viability of their network is at risk. We would urge banks to ensure that powers of attorney and deputyships are dealt with correctly, swiftly and sensitively and that current accounts offer second cards with separate PINs."

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