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Devon pound

From October 2006, residents in Torridge and North Devon have been receiving for the first time access to a range of services designed to help them better manage their finances. The new service, Devon Pound gives people the choice to access a bank account, affordable loans, savings schemes and help to manage their money better.

The new service offers:

  • Money Advice – working with CAB and other money advice agencies.
  • Simple methods to access mainstream banking – improving access to basic and other bank accounts by working with mainstream banks.
  • Simple access to affordable credit – options for eligible customers to access affordable loans.
  • Incentive to save money – principally through membership of Credit Unions.
  • Financial education – to encourage better financial self-management.

This service was extended to the whole of Devon from the 18 June 2007.


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