The government has announced a review into access to face-to-face banking services as concerns continue to grow over the impact of bank branch closures on local communities, older customers and small businesses.

Over recent years, many high street bank branches have closed as more customers move towards online and mobile banking. While digital banking has become increasingly popular, there remains significant concern that some individuals and businesses still rely heavily on in-person banking facilities for cash handling, account support and day-to-day financial transactions.

The review will examine whether existing arrangements continue to provide adequate access to banking services across the UK, particularly in rural areas and smaller towns where branch closures can leave customers with limited alternatives. It will also consider how shared banking hubs and other community banking solutions are performing and whether additional measures may be needed.

Small businesses are likely to take a close interest in the review, especially firms that regularly deal with cash or require local banking support. For many business owners, the loss of nearby branches can increase administration time and create additional security and travel concerns when paying in cash or obtaining change.

Consumer groups have also highlighted the challenges faced by elderly and vulnerable customers who may be less comfortable using digital banking services or who value personal contact when dealing with financial matters.

The government has stated that maintaining appropriate access to banking services remains important for consumers, businesses and local economies, and the findings of the review may help shape future banking access policies across the UK.