Mole Valley District Council reacts to number of bank closures
Mole Valley District Council's (MVDC) response to proposed bank closures:
Numerous closures of bank branches have been proposed across Mole Valley without adequate alternative provision and Mole Valley District Council (MVDC) is concerned of the impact it will have on vulnerable and older residents.
Councillor Keira Vyvyan-Robinson, MVDC Cabinet Member for Projects said:
'We remain very concerned, that the proposed closures of bank branches will disadvantage many of our residents and businesses. While moving to digital services is a natural way forward for many people, a lot of our residents still rely on banking in person and on being able to easily access free cash dispensing facilities and foreign currency. Many of them will not be able to travel a long distance, to the nearest available branch if the local banks are closed.This also results in additional costs and inconvenience at a time when many are struggling financially.
We're very supportive of any measures which would ensure that banks also consider alternative services to support the most vulnerable residents. We are pleased to read of the FCA's intention to include an expectation that local councils would be consulted as part of any assessment carried out prior to closure - this will allow us to comment specifically about each individual situation in order to inform decision making.'