SNP candidate criticises Tain TSB closure and warns of impact of "cashless" society
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SNP candidate Karl Rosie has warned that bank branch closures and the loss of free-to-use cash machines heighten the risk of creating a cashless society in which the most vulnerable would suffer most.
He was speaking after last week’s announcement that the TSB will close its branch in Tain in June next year – one of 17 across Scotland being axed as part of a "reshaping" of its network.
The bank has launched a three-year strategic plan as part of moves "to ensure it meets the changing needs of customers".
Mr Rosie, who is contesting the Caithness, Sutherland and Easter Ross seat in next week’s general election, criticised the latest bank closure to hit the constituency.
He said: “Loyal bank customers in rural areas are continually being overlooked and the so-called ‘solutions’ of mobile and digital banking are less than sufficient for those living in the north Highlands.
“Mobile banks are not disability compliant, presenting several accessibility issues for disabled and elderly customers, and digital banking is simply not a practical option for those in remote areas where broadband connectivity is not up to scratch.
“The alternative of banking at the local post office is also no longer a viable option for remote communities due to a string of closures.”
The Tories have sat back while our bank branches, ATMs and post offices have closed.
Describing it as a matter of social responsibility, Mr Rosie went on: “An absence of bank branches and free-to-use ATMs on our high streets leaves us at risk of falling into a cashless society, where the most vulnerable will be affected.
“Many people on low incomes use cash as a mechanism to control their budget, so there is a legitimate cause for concern surrounding the link between limited access to cash and an increase of debt.
“A lack of real-time account balances and direct debit payments leaving accounts earlier than anticipated are also just a few of the many reasons why low earners are reluctant to convert to digital banking.”
He said research conducted by Which? had found that 15 per cent of the 2.2 million people in the UK who use cash for all their day-to-day payments had an income under £10,000 a year.
“The Tories have sat back while our bank branches, ATMs and post offices have closed,” Mr Rosie said. “But we also must look at the Lib Dems whose former business secretary, Vince Cable, orchestrated the privatisation of the Post Office which led to subsequent closures.
“In his time as MP representing our constituency, Jamie Stone has failed to facilitate action on the issue of bank closures.
“This constituency deserves a representative that does more than simply make some noise. We need an MP that demands action and expects change and, if elected, I am prepared to do exactly that.
“The SNP will stand up for our citizens by demanding the UK Government and big banks guarantee communities’ access to cash.”
