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Residents and businesses in Kenilworth will soon find it easier to access banking services due to a new banking hub in the town.

LINK, the UK’s cash access and ATM network, has carried out an assessment of Kenilworth and has confirmed it will provide the hub at - a yet to be allocated - site in the town.

Banking hubs are a shared banking space, similar to a traditional bank branch, but available to everyone.

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 attached photo is of the open banking hub in Cottingham. Credit: Murray Scott.

Banks will be working on a rotating basis, so there will be staff from different banks available on different days.

These will include: Bank of Ireland UK, Barclays, Danske Bank, HSBC, Lloyds Bank, NatWest, Santander, TSB and Virgin Money.

The hub be delivered by the 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.

The hub is likely to open in about 12 months’ time.

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To date, LINK has recommended 167 banking hubs and there are currently more than 80 up and running in the UK.

Nick Quin, head of financial inclusion for LINK, said: “We’re pleased to recommend this new hub in Kenilworth.

"Many people locally still rely on cash, and this hub will play a crucial role in helping them access it on the High Street.

"We’re committed to making sure people who use cash in places like Kenilworth have the benefit of a convenient, accessible location to access and deposit cash on the high street.”

Sir Jeremy Wright MP, the MP for Kenilworth and Southam, added: “Many of my constituents need access to banking facilities in Kenilworth in person and I have been concerned for some time about the reduction in bank branches present in the town.

"Bringing in-person banking facilities back to Kenilworth would be most welcomed by many who cannot, or do not wish to, bank online.”

For more information visit https://www.cashaccess.co.uk/hubs/?region=england

Hub will make it easier for Kenilworth residents to access banking services