Link has recommended opening nine banking hubs across the country including one in Lancashire
A hub is set to be created in Lancashire where high street banks share a branch and allow customers in parts of the country without face-to-face access to visit community branches.
Link has recommended new banking hubs in Barnoldswick, Clay Cross , Earlestown , Heywood, Horwich , Oakham , Shoreham-by-Sea , Stapleford and Watton . There are currently four banking hubs up and running across the UK so far, in Brixham , Cambuslang , Cottingham and Rochford .Link has also recommended new deposit services in six communities – Keswick , Ripley , Littlehampton , Whitstable , Dagenham and Colwyn Bay .
The banking hubs scheme is funded by banks. Hubs can be set up where suitable locations are found. Waves of bank branch closures have fuelled concerns about people’s ability to access their own money easily. As Lloyds, TSB and Barclays announced closures earlier this month, NatWest’s announcement meant that 87 bank branch closures had been announced so far this year, less than a month in. Various other initiatives have been taken place to plug the gaps, including cashback in shops.
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