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Bank Services: Disadvantaged

Question for Treasury

UIN HL8707, tabled on 21 June 2023

To ask His Majesty's Government how they monitor whether banks are complying with their legal duty to enable citizens without a fixed address to access a basic bank account; and what are the results of this monitoring.

Answered on

3 July 2023

The designated providers of basic bank accounts have agreed to report data on basic bank accounts and personal current accounts to HM Treasury for annual publication. These reports are available on the GOV.UK website.[1]

[1] https://www.gov.uk/government/collections/basic-bank-accounts

Answered by

Treasury