Access to Cash and Banking Services in North East Fife

This week in Parliament, I raised an issue that I know is affecting so many people across North East Fife: the continued loss of face-to-face banking services and access to cash in our towns and villages.

In the Chamber, I spoke about how essential in-person banking is for our high streets and communities - particularly in places like Cupar and Leven. Whether its small businesses trying to bank takings, older residents who rely on personal support, or people who simply can’t do everything online, these services remain vital. Yet despite this, we’re seeing them disappear at an alarming rate.

I pressed the Government to commit to reviewing the criteria used to determine where banking hubs are located. Ministers often talk about headline numbers - 350 hubs planned across the UK - but numbers alone mean very little when communities continue to lose the last bank in town. The criteria set by the Financial Conduct Authority (FCA) must reflect real need on the ground, not just tick-box formulas.

In response, Ministers confirmed that banking hub locations are determined independently through LINK and that responsibility for the criteria rests with the FCA. They also said they would continue engaging with MPs on this issue.

Following the debate, I attended the Government’s banking hub surgery to push the case for North East Fife directly. It was a useful opportunity to challenge the current system and reinforce just how important accessible banking is for rural and coastal communities like ours.

Access to cash and in-person services is not a luxury, it’s a lifeline. And I will continue to fight to ensure that people and businesses in North East Fife get the fair access they deserve.