A NEW banking hub is to be installed in Holyhead.
LINK, the UK’s cash access and ATM network, has confirmed today (March 20) that the town will benefit from a new banking hub as part of a wider commitment to protect access to cash.
Banking hubs are a shared banking space, similar to a traditional bank branch, but available to everyone.
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.
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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 will be working on a rotating basis, so there will be staff from different banks available on different days.
LINK has recommended 224 banking hubs, and 19 new hubs have been confirmed today.
Holyhead is the 13th hub to be recommended in Wales by LINK.
In total, nine hubs are up and running and three more are set to open in Flint, Monmouth, and Ystradgynlais in the coming months.
The banking hub will now be delivered by Cash Access UK – in 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 at LINK, said: “While more people are choosing to bank and pay for things digitally, we know that many people still rely on and choose to use cash and face-to-face banking.
“That’s why we’re delighted to recommend the new hub in Holyhead.
“There are almost 150 hubs open across the country and when it opens, the Holyhead banking hub will be vital for the local community and high street.”
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