Bank Charges And The Post Office Card Account

EDM number 85 in 2006-07, proposed by Mike Weir on 15/11/2006.

That this House notes with concern that First Direct is to introduce a £10 monthly charge for those current account holders who do not deposit at least £1,500 per month, or keep a balance at that level; is concerned that other banks may follow suit and that the proposed charge will have a substantial effect on those on low incomes; notes that many people have to pay charges to withdraw their own money from ATM machines; is concerned that if the Post Office Card Account is withdrawn without a similar account being in place many families will be unable to operate accounts without charges which will eat even further into their already inadequate incomes; and urges the Government to reverse plans to withdraw the Post Office Card Account or, if they are not prepared to do so, immediately to make clear that a replacement simple bank account without charges will be made available through post offices once the Post Office Card Account is withdrawn.

This motion has been signed by a total of 60 MPs, 1 of these signatures have been withdrawn.