Nearly half of Salisbury's banks have closed in last seven years
There's been a sharp decline nationally
New figures show that nearly half the banks that were in Salisbury in 2015 are no longer open.
Analysis from consumer champion Which? has shown a sharp decline in the number of branches in the last seven years.
According to figures up to the end of April, seven banks have been shuttered in Salisbury since the start of 2015, leaving eight remaining in the area.
Separate figures also show that there's been a decline in the number of free to use ATM's as well.
Data from LINK shows that between the start of 2018 and early March this year, ones in Salisbury dropped from 94 to 73.
The increasing use of online banking and contactless payments have led to concerns some will be left behind, or unable to access key services.
Which? chief executive, Anabel Hoult, said:
“While the pandemic has accelerated the move to digital payments for many consumers, many are not yet ready to make that switch and require protection from an avalanche of ATM and bank branch closures that have left the UK’s cash system at risk of collapse.”
The Treasury says new legislation will ensure “continued access to withdrawal and deposit facilities across the UK”.
Economic secretary to the Treasury, and Salisbury MP, John Glen, said:
“We know that access to cash is still vital for many people, especially those in vulnerable groups.
“We promised we would protect it, and through this bill we are delivering on that promise.”
Full details on what will be included are yet to be published.