New bank hub to launch in the West Country
It's being provided by LINK - and is expected to open within the next year
A new bank hub is being launched in Nailsea following a community request.
Provided by LINK, these banking hubs are similar to standard bank branches but available to all.
The hub is expected to open in the next 12 months, and when it does, it will offer a counter service operated by Post Office employees.
It means customers of any bank will be able to withdraw and deposit cash there, as well as make bill payments and carry out regular bank transactions.
At the new hub, there'll also be private spaces to chat with community bankers from their own bank - which will work on a rotating basis.
Successful recommendations of banking hubs are determined by several factors including the number of shops in the area, demographics, and proximity to other banking services.
To date, LINK has recommended 132 banking hubs, 53 of which are up and running across the UK. This includes a temporary hub in Wellington with another hub recommended in Keynsham.
The banking hub will now be delivered by Cash Access UK. Over the next few weeks, it will begin to engage with the local community and will start to look for potential sites.
Nick Quin, Head of Financial Inclusion LINK: “Access to cash remains really important for many people across the country. We’re always pleased to hear from the local community about their high street. That’s why we visited Nailsea earlier year and we’re pleased to confirm today that a new hub will now be delivered.”