Clients of any bank will be able to withdraw and deposit cash, but the hubs will not open immediately.
, and was told it had been "a lifeline" for many people living in the area after the last branch in town closed.
The review studies the cash needs of the community, such as how easy it is to travel to the nearest alternative service, as well as the demographics and vulnerability of local residents. The criteria are set by a group of banks and consumer representatives.However, it can take months for these new hubs to open. As well as finding a suitable premise, often changes are needed to ensure it is fully accessible and secure enough for banking services.
"Banks and building societies must treat their customers fairly and provide alternatives to branches where needed. Banking hubs are one of a range of tools they can use to ensure communities have easy access to bank services and cash."
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