Latest news with #bankinghub
BBC News
11 hours ago
- Business
- BBC News
Plans to open banking hub in Ashby-de-la-Zouch announced
Plans to open a banking hub in Ashby-de-la-Zouch have been will consist of a counter service, operated by Post Office employees, where customers of any bank can withdraw and deposit cash, make bill payments and carry out banking recommendation from Link, the UK's cash access and ATM network, comes after NatWest announced it would be closing the town's branch on 18 Access UK, which will deliver the hub, is set to consult with the community and search for potential locations. The new hub, which will be the fourth in Leicestershire, is expected to open in June the UK there are 160 banking hubs, including those in Lutterworth, Syston and Market Harborough. The banks work on a rotating basis, so there will be staff from different banks available on different days of the week, Link Chris Ashton, chief commercial officer of Link, said: "While more people are choosing to bank and pay for things digitally, we know that many people still rely on cash and face-to-face banking."That's why we're delighted to recommend the hub in Ashby-de-la-Zouch."
BBC News
a day ago
- Business
- BBC News
Retailers call for banking hub in Oxted after last branch shuts
Retailers in a Surrey town that has lost its last bank branch have said it is "vital" that the area gets better once had four banks, but since the last one closed in April, the nearest branch is now 10 miles away in the campaign for a banking hub in Oxted is councillor Cameron McIntosh, from Surrey County Council, who said both businesses and residents are UK, which assesses the need for banking hubs in communities, said it believes people in the area have good access to cash through the Post Office and ATM machines. But Mr McIntosh said: "Oxted was once a town with four of the main large banks, but that has all completely gone, so we are basically a banking desert."Oxted has a population of 11,489, according to the 2021 census, and people from the surrounding areas visit for its hospitality and retail businesses, according to Limpsfield Parish Council. No plans for hub Tom Parrs, owner of Paul James Jewellers, said: "I'm with Barclays so in the fortunate position that I'm able to use the local Post Office to deposit cash, but there are situations that need me to go to an actual branch."I think it's a great idea, having spoken to a lot of my clients and having access to other matters that a banking hub brings would be vital for them really."The last thing we want for the local community is for them to leave the town [to bank], that's not great for retailers, cafes, restaurants."There is a "banking pod" in the town's Morrisons supermarket, which offers cash withdrawals, cash deposits, account balance checks and PIN management 60% of companies surveyed by the town's business improvement district said they were unable to access sufficient cash needed for their the 93.3% of businesses who said they did not have a service to collect their takings and deposit it for them, half said they were unable to safely deposit their earnings UK said it assessed the need for a banking hub in Oxted by found the banking pod deposit machine was more more suitable.A spokesperson said: "We are satisfied that, with the addition of this machine, the community continues have good access to cash through the Post Office and the ATM network."
BBC News
02-06-2025
- Business
- BBC News
Banking hub set to open in Rainham
A new banking hub is set to open in a Kent hub in Rainham will consist of a counter service operated by Post Office employees, where customers of any bank can withdraw and deposit cash, make bill payments and carry out regular banking Access UK, who will deliver the hub, is to consult with the local community over the next few weeks to find a suitable banks work on a rotating basis, so there will be staff from different banks available on different days, according to Local Democracy Reporting Service. In addition, there will be private spaces where customers can speak to community bankers from their own bank for more complicated matters that require specialist knowledge or privacy. Across the UK there are more than 226 banking hubs, with a further 150 planned to Rainham hub will be the fourth in Kent, with one open in Sheerness and two planned for Dover and Tonbridge. 'Face-to-face' The move follows a request from Naushabah Khan, MP for Gillingham and Rainham, to Link, the UK's main ATM Khan said: "The closing of NatWest last year removed a key local banking resource, and ever since constituents have consistently told me that Rainham desperately needs more in-person financial services."Dr Chris Ashton, chief commercial officer of Link, said: "While more people are choosing to bank and pay for things digitally, we know that many people still rely on cash and face-to-face banking."
BBC News
30-05-2025
- Business
- BBC News
Plans for banking hub to open in Crowthorne church building
Plans to open a banking hub in a church building have been Cash Access UK has applied to temporarily convert an "underused office" to the east of Crowthorne Baptist Church on High Street in Crowthorne, Berkshire, into the hub for up to three hubs provide cash and basic banking services from a number of banking brands, with staff available to help customers in Forest Council has validated the application and a decision is yet to be made. The banking hubs have become essential for areas where bank branches have closed than 150 have now been opened across the a cover letter, agents Ridge and Partners LLP called the Baptist church "an important place of worship and a community facility"."For this application, Cash Access is seeking to convert a small portion of the building, currently an underused office, into a temporary cash hub located to the east of the building, away from the church itself and the community hall."This is to ensure that there is a local bank operating within the high street for all community residents, whilst Cash Access look for a more permanent building." You can follow BBC Berkshire on Facebook, X (Twitter), or Instagram.
