Mmastodon BusinessBanking first seen 1 d ago, last 10 h ago, peak #1
Post Offices pushed as fix for bank branch closures now under threat
Original: As the Banks accelerated the closure of branches you may recall one of the remedies to 'banking deserts' was to refer pe
As banks accelerated branch closures, post offices were promoted as the remedy for 'banking deserts', offering quasi-banking services to communities left without a local branch. Now the T J Jones chain, formerly part of WH Smith, is undergoing restructuring, raising concerns that the alternative service people were directed towards may itself be shrinking, compounding the loss of access to cash and everyday banking.
Why now: A restructuring of a post office chain threatens the fallback option communities were given when banks closed branches.
Evidence
- As the Banks accelerated the closure of branches you may recall one of the remedies to 'banking deserts' was to refer people to Post Offices that could offer a range of quasi-banking services.... Well, now, as part of its restructuring of the TJ Jones chain (formally WH… · ChrisMayLA6@mastodon.me.uk · 66
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