Another 14 'banking hubs' to open across the UK to boost access to cash as high street branches close – here’s where
Another 14 'bank hubs' are to open across the UK in a bid to help boost people's access to cash as bank branches continue to disappear from the high street. Here's where they're set to open.
Banking hubs operate in a similar way to bank branches, but their services are shared, with banks providing staff on rotation so that trained specialists from different banks are available on different days.
The first banking hubs were piloted last year, set up by the Access to Cash Action Group and Link, the ATM network. The two hubs have already had 60,000 customer visits and transactions worth £16 million have taken place since they opened.
For help getting access to cash where you are, see our handy tool to find your nearest free ATM, plus our 2018 blog on little-known ways to bank at the Post Office (though some of the details may not be fully up to date).
14 additional banking hubs will open in communities across the UK
The new hubs will open in:
- Axminster, Devon
- Barton-upon-Humber, Lincolnshire
- Belper, Derbyshire
- Brechin, Angus
- Carluke, Lanarkshire
- Cheadle, Staffordshire
- Forres, Moray
- Hornsea, Yorkshire
- Kilkeel, Newry, Northern Ireland
- Kirkcudbright, Dumfries and Galloway
- Maryport, Cumbria
- Lutterworth, Leicestershire
- Maryport, Cumbria
- Royal Wootton Bassett, Wiltshire
There isn't a set date when these hubs will open but it is likely to be next year. The next step is for the Access to Cash Action Group and Link to work with these communities to find the best location.
Anyone can use the banking hubs to access their cash
The banking hubs will be open for anyone to use, regardless of who you bank with. However, Monzo customers won't be able to speak to someone in person for support.
Once open, you'll use the hubs in the same way you would when visiting your bank branch.
These additions take the total number of banking hubs to 26
The extra 14 banking hubs will take the total across the UK to 26. However, the only two that have already opened are the pilot locations in Cambuslang and Rochford. The others are expected to open within the coming months.
The already announced hubs are:
- Acton, London
- Brixham, Devon
- Buckingham, Buckinghamshire
- Cambuslang, Glasgow
- Carnoustie, Angus
- Cottingham, Yorkshire
- Looe, Cornwall
- Knaresborough, Yorkshire
- Rochford, Essex
- Syston, Leicestershire
- Troon, Ayreshire
- Welshpool, Powys
You can bank at the Post Office even if you don't live near one of the new hubs
It's worth noting that the Post Office – which has over 11,500 branches around the UK – already provides some essential banking services for almost everyone with a UK bank account. If you have a branch near you, you can just pop in and:
- Withdraw cash from your usual bank account using your card.
- Pay cash into your usual bank account using a card or paying-in slip (except if you bank with Nationwide).
- Check your bank balance using your card.
- Deposit a cheque using a paying-in slip (except if you bank with Nationwide).
Before you go, check which banks and services are available at the Post Office you're heading to, to avoid a wasted trip.
What do the Cash Access Group and Link say?
Natalie Ceeney, chair of the Access to Cash Action Group, said: "Cash still matters hugely to millions of people across the UK and with the cost-of-living crisis biting, more and more people are turning to cash as a way of budgeting effectively. Banking Hubs are an important part of the solution, designed for towns which are too small to sustain multiple bank branches."
John Howells, Link's chief executive, added: "The UK isn’t ready to go cashless yet and it’s vital to protect our national cash infrastructure for the millions of consumers who still rely on cash."
Additional reporting by the Press Association.