LINK, the UK’s Cash Access and ATM network, has announced that Marlow will be the latest town in Buckinghamshire to benefit from a new banking hub. This recommendation follows a community request from Councillor Carol Heap.
Banking hubs are shared banking spaces, similar to a traditional bank branch, but available to all banking customers. When opened, the hub will consist of a counter service operated by Post Office employees, where customers of any bank can withdraw and deposit cash, make bill payments and carry out regular banking transactions. In addition, there will be private spaces where customers can speak to community bankers from their own bank for more complicated matters that require specialist knowledge or privacy. The banks work on a rotating basis, so there will be staff from different banks available on different days.
Marlow’s recommendation follows a community request to LINK, which determined that the town requires additional cash services to support local businesses and banking customers.
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.
Dr Chris Ashton, Chief Commercial Officer, LINK: “While more people are choosing to bank and pay for things digitally, we know that many people still rely on cash and face-to-face banking. That’s why we’re delighted to recommend a new hub in Marlow. We’ve already seen the difference that banking hubs are making across the country and when it opens, Marlow’s banking hub will be a huge boost for the local community and high street.”
Councillor Carol Heap, Buckinghamshire Councillor for Marlow: ”I was delighted to hear the news that following my application for an Access to Cash Review for Marlow, LINK have recommended a banking hub for Marlow. Access to cash and face-to-face banking services are essential for many people and businesses, and the closure of most of our banks over the last four years has left Marlow with very limited banking facilities.
I am sure that a banking hub will be a welcome addition to this busy town, providing a wider range of cash and banking services for residents, visitors and businesses. I look forward to working with Cash Access UK over the coming months to make this happen.‘’