New Banking Hub Set to Restore Banking Services in Bude

New Banking Hub Set to Restore Banking Services in Bude

Exciting news for Bude! A new Banking Hub will be coming to our town, reinstating vital cash and everyday banking services for the community. This follows a reassessment by LINK, in response to updated Financial Conduct Authority (FCA) guidelines, which recognised the need for improved access to cash in the local area. As a result, Cash Access UK will bring a Banking Hub to Bude, ensuring residents and businesses can once again access essential banking services locally.

What the Banking Hub Offers

The new Banking Hub will feature:

  • Counter service for everyday cash transactions such as withdrawals and deposits.
  • Community banker service, where customers can book appointments to speak face-to-face with representatives from their own bank or building society. This will allow for more personalised support on more complex banking needs.

This hub aims to be a shared facility used by multiple banks, ensuring comprehensive access to services that have been reduced or withdrawn in recent years.

Importance to the Community

In recent years, many small towns like Bude have faced the closure of traditional bank branches, making access to in-person banking and cash withdrawal services more difficult for residents, especially for older and less mobile individuals or those who prefer face-to-face service. The introduction of the Banking Hub marks a significant step in restoring these essential services to our town, offering greater convenience for both individuals and local businesses.

Next Steps

At this time, the process is still in its early stages. The first priority is finding a suitable location for the hub. As this develops and more details emerge, we will ensure the community is kept informed through regular updates.

For further information about Cash Access UK, the services the Banking Hub will provide and the expected timescales, please refer to the Banking Hub Welcome Pack.

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