Following closures announced by Lloyds Banking Group, LINK has confirmed that the town will benefit from a new banking hub as part of a wider commitment to protect access to cash.
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.
The news comes as LINK has also today confirmed its 200th banking hub recommendation in Penistone, South Yorkshire. Glossop is the sixth banking hub to be recommended in Derbyshire by LINK. This follows hub openings in Belper, Clay Cross and Shirebrook. Two more hubs have been recommended in Ashbourne and Bakewell.
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. There are currently 105 hubs open across the UK.
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 and choose to use cash and face-to-face banking. That’s why we’re delighted to recommend a new hub in Glossop. There are over one hundred hubs open across the country and when it opens, the Glossop banking hub will be vital for the local community and high street.”