New banking hub set to open in Normanton

19 Sep 2024

A new banking hub is set to open in Normanton as new rules to support cash access in communities take effect.

The hubs are collaborative spaces shared by multiple banks, offering both personal and business customers essential banking services and cash access.

They feature a counter service managed by the Post Office, with staff from major high street banks rotating through to assist with more complex issues in a private setting.

Wakefield Business News

Deposit services at these hubs will also enable small businesses to handle banknotes and coins, providing a convenient way to deposit and manage their cash.

Once cash access and ATM network Link has recommended a new banking hub or deposit service, in the majority of cases these will be delivered by a bank-owned company called Cash Access UK. To date, Cash Access UK has opened 81 banking hubs across the country.

Adrian Roberts, Deputy CEO, LINK: “We’re pleased to recommend this new hub in Normanton. Access to cash remains vital for millions of people across the country and the new rules that come into force today mean that people will be able to access cash on the high street for many years to come.”