Yorkshire seaside village to set up ‘banking centre’ to help people access money

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Thirteen more hubs will be created, bringing the total number planned to 25, according to the ATM Link network and the Cash Action Group, which includes representatives from the banking industry and others.

Hornsea is among the places to get a new hub, along with Barton-upon-Humber in Lincolnshire.

Banking centers operate similarly to bank branches, but their services are shared, with banks providing rotating staff so that trained specialists from different banks are available on different days.

Hornsea Beach

The 13 new hubs will be located in locations such as Brechin in Angus, Forres in Moray, Carluke in Lanarkshire, Kirkcudbright in Dumfries and Galloway, Axminster in Devon, Lutterworth in Leicestershire, Royal Wootton Bassett in Wiltshire, Cheadle in Staffordshire, Belper in Derbyshire and Maryport. in Cumbria. The first banking hub under the program in Northern Ireland will open at Kilkeel in Newry.

Banks and building societies have asked Link to identify communities that need help and locations have been selected as part of this work.

The first banking hubs were tested last year in Cambuslang, South Lanarkshire and Rochford in Essex. The two hubs have already hosted almost 60,000 customer visits and transactions worth £16m have taken place since their opening.

As the impact of the cost of living crisis becomes increasingly apparent, hubs are likely to become an increasingly important resource, especially in communities with minimal or limited access to cash or services. banks, said those responsible for the initiative.

John Bachtler, Chairman of the Cambuslang Community Council, said: “The Banking Center is the hub of our community and it brings life to the high street and crucially helps individuals and businesses meet their day-to-day banking needs. It gets busier every week. and we know it will make a significant difference in other communities across the UK.”

Bank branch closures, along with other trends, have raised concerns about people’s continued ability to easily access cash. La Poste also has an agreement that allows individuals to carry out their day-to-day banking transactions at its counters. Convenience stores are also offering cash back at checkouts as part of initiatives to close gaps in the cash system.

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