Add your name to this open letter to Barclays Bank:
We the undersigned are disappointed with Barclays’ recent announcement to close the local bank branch in Porthmadog, Gwynedd.
We don’t agree with Barclays’ advice that all customers should move to online banking because not everybody has access to a reliable internet connection, particularly in rural areas like parts of Dwyfor Meirionnydd where reliable digital connectivity is a problem. Many older people are also reluctant to use the internet for any financial matters.
As our communities recover from the effects of COVID, face-to-face services should be retained in order to support vulnerable people in vulnerable communities. Brining banking services to an end in Porthmadog will have an adverse and far-reaching impact on charities and community groups in the area who often rely on cash.
According to the Financial Conduct Authority, people in Wales are most likely to have to travel large distances to get to a bank branch: 7.5% of residents face journeys of more than 16km.
We call on Barclays Bank to support local residents and businesses in Porthmadog by retaining banking services in the town. We sincerely hope Barclays will reconsider this devastating blow to Porthmadog.
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