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Banking hub to open next year

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By Fiona Reid
Dumfries and West
Banking hub to open next year

NEWTON Stewart is set to receive a new banking hub, following the closure of the town’s last High Street branch.

LINK, the UK’s cash access and ATM network, announced yesterday that the town will receive a new banking hub as part of a wider commitment to protect access to cash.

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

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.

The hub will likely open in 12 months’ time.

Chris Ashton, chief commercial officer at LINK ,is hopeful the hub will be well received by the town. He said: “We’re pleased to recommend this new hub in Newton Stewart. Many people locally still need cash, and this hub will play a crucial role in helping them access it on the High Street.

“We’re determined to make sure that, as we all choose new ways to pay, people who use cash in places like Newton Stewart have the benefit of a convenient, accessible location to access and deposit cash on the high street.”

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