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Post Bank could help people in rural communities access banking services
We welcome the Post Bank Coalition's call for developments for Post Offices to provide banking services. This is particularly important for rural areas in England where an estimated 300,000 people do not have a bank account.
Access to cash is a significant problem, especially for elderly and more vulnerable people, or where there is more limited access to transport.
A Post Bank would build on the welcome decision by the Government to award the Post Office a further contract until 2015 for the Post Office Card Account, which already provides for the payment in cash of pensions and other benefits.