LINK, the UK’s Cash Access and ATM network, has today confirmed that a new banking hub will be delivered in Chepstow as a result of the closure of a bank branch in the town.

This is one of 11 banking hubs recommended today across the UK. In total, 244 banking hubs have been recommended to date. Banking hubs are shared banking spaces, similar to a traditional bank branch, but available to all banking customers. The hub will provide a counter service operated by Post Office employees, enabling customers to withdraw and deposit cash, pay bills and carry out regular transactions. Private consultation rooms will also be available, where customers can meet with community bankers from their own bank, to discuss more complicated matters that require specialist knowledge or privacy. The banks work on a rotational basis, with staff from different banks available on different days.

Chepstow is the second hub to be announced in Monmouthshire, joining the operational hub in Monmouth.

The banking hub will be delivered by Cash Access UK before the branch closes next year.

Chris Ashton, Chief Commercial Officer, LINK: “While more people are switching to digital banking and payments, we know that many people still rely on and choose to use cash. That’s why we’re delighted to recommend Chepstow as one of 11 new hubs today.”

Anyone can contact LINK at this website: https://www.link.co.uk/initiatives/bank-branch-closures/

Additionally, to check for your nearest free access to cash point, you can download the app or visit the Cash Locator tool here: https://www.link.co.uk/consumers/locator/