Let's save the HSBC bank in Yate. Sign the Petition!

 

Let's save the HSBC bank in Yate. Sign the Petition!

Posted by South Gloucestershire Liberal Democrats on Friday, 22 January 2021

Lloyds Bank, Yate - temporary arrangements

Lloyds Bank in the middle of Yate Shopping Centre is closing from 1 pm tomorrow (Saturday 15 September) until 9 am on Tuesday 30 October while it undergoes a major refurbishment.

While they are closed, the Lloyds branch at 1 North Parade will maintain normal services.

Banks to scrap cheques?

The banks will be voting on 16 Dec about scrapping cheque system by 2018 (see Times article here) - an announcement about it is expected in January. At the moment about 1 payment in 25 is still made by cheque in the UK.

Cheques are inconvenient for banks because they cost more to process than electronic transactions. But how else will one individual be able to send payments to another safely? And do you want to be forced into setting up yet more direct debits?

Small companies are also against stopping the cheque system because of the extra costs they would incur. Apparently the banks have already decided to scrap payment guarantee cards from 2011 - anyone remember them telling us about that decision? Surely that will increase the risks for small tradesmen accepting payments from customers.

The postal order system is also likely to be affected because the secure version - the crossed postal order - can only be paid into a bank account or a PO savings account, unless it's used to pay a bill at a post office. So effectively it's a cheque. Unless of course the Post Office decides to scrap postal orders at the same time?

If you think cheques should stay, please sign the 10 Downing Street petition here.