First supplementary memorandum by Lloyds
TSB
BASIC BANK
ACCOUNTS
I note your request for information from the
British Bankers' Association (BBA) and Lloyds TSB supports the
disclosure of this data to the Committee. For ease of reference,
I thought it might be helpful if I set out the figures you have
requested on behalf of Lloyds TSB.
Lloyds TSB has opened 348,000 basic bank accounts
since April 2003 and of these, 284,000 are currently in operation.
All are accessible via the Post Office. This represents around
19% of the basic bank accounts opened by the industry since April
2003. In addition, Lloyds TSB operated a basic bank account called
Bank Account between February 2000 and April 2003. Although this
account is not accessible via the Post Office, we have 106,000
of these accounts in operation.
| Year |
Quarter |
New Accounts |
| 2003 |
Q2 |
26,698 |
|
Q3 |
32,280 |
|
|
Q4 |
31,888 |
| 2004 |
Q1 |
31,464 |
|
Q2 |
31,489 |
|
Q3 |
37,347 |
|
Q4 |
38,291 |
| 2005 |
Q1 |
35,931 |
|
Q2 |
35,456 |
|
Q3 |
27,562 |
|
Q4 |
19,667 |
| Total |
|
348,073 |
Number of basic bank accounts opened by Lloyds TSB since
April 2003
ACCESS TO
CASH WITHDRAWALS
AT POST
OFFICE COUNTERS
Lloyds TSB was the first high street bank to agree an agency
arrangement with the Post Office, whereby all of our personal
customers can use post offices to make deposits and withdrawals.
I am grateful for this opportunity to provide the Committee
with an update on these issues and if you would like any further
information on any of the points raised either in this letter
or in our written evidence on financial inclusion, please do not
hesitate to contact me.
January 2006
|
