The Financial Conduct Authority (FCA)’s competition objective states that, in considering the effectiveness of competition, it may have regard to ‘the ease with which consumers who may wish to use [financial] services, including consumers in areas affected by social or economic deprivation, can access them.’https://www.parliament.uk/documents/lords-committees/financial-exclusion/Government-Response-to-Financial-Exclusion-Committee.pdf
Gordon Buchanan of Castle Community Bank spoke of the Department of Work and Pensions drive to encourage people to change from a Post Office Current Account to a bank account and highlighted that these accounts do not include a debit card; they are often given a basic bank account with a cash card rather than a debit card, so the only way that they can use their funds...