6 September: Post Office Partners With Banks To Add 13 Locations To Network
The Post Office has partnered with major UK banks to open a further 13 ‘banking hubs’ across the country, bringing the total to 25, writes Bethany Garner.
The initiative aims to preserve access to cash and in-person banking services amid a shift towards online banking and cashless payments.
At the hubs, anyone holding a UK bank account with participating institutions will be able to pay bills, deposit cash and cheques or make cash withdrawals.
Once a week, representatives from each of the UK’s major banks will also visit hubs to provide specialist services.
Each space will be shared by several major banks and building societies including HSBC, Lloyds Banking Group, Nationwide, NatWest, Santander, TSB and Danske Bank.
Natalie Ceeny CBE, chair of the Access to Cash Action Group, said: “We know demand for cash is declining, but we also know that it continues to play a vital part in the lives of at least five million people in the UK — including some of the most vulnerable in society.
“I’m confident that the new plan will lay the foundations for a positive future for cash access across the UK.”
Branch closures
First announced in 2021, the hubs are a response to ongoing branch closures, which are making it more difficult for those who rely on cash and in-person services to carry out day-to-day banking tasks.
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