Ten new banking hubs are planned for the North East and Cumbria to address the decline in local bank branches. These hubs, operated by the Post Office and supported by banks, will provide essential banking services like cash deposits and withdrawals, bill payments, and limited face-to-face consultations with bank representatives. This initiative aims to help individuals who rely on cash and require in-person assistance with complex financial matters.
More banking hubs are to be rolled out across the North East and Cumbria to try and fill the gap left by the closure of local branches.
The facilities, which are run by the Post Office and supported by banks, allow customers to deposit and take out cash, as well as pay bills. The hubs also offer customers the chance to speak to representatives of High Street banks, with staff available one day a week, on a Monday to Friday rotation.Banking hub director, Paul Culverwell, said there was still a demand to discuss complex financial issues "face-to-face".
BANKING BRANCH CLOSURES POST OFFICE FINANCIAL SERVICES CASH ACCESS
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