Welshpool in Powys is the latest town to benefit from a new shared banking hub, thanks to a commitment from the banking industry to protect access to cash.
LINK, the UK’s cash access and ATM network, is assessing the effect of bank branch closures on communities and identifying where new shared facilities such as ATMs, cashback or banking hubs are needed.
Following recent branch closures, it has recommended that Welshpool, alongside Looe in Cornwall, have met the criteria for a banking hub. The opening of these hubs will now be carried out by a bank-owned delivery body, The Banking Hub Company.
