The opening date for a new banking hub in Newton Aycliffe has been confirmed.
The new banking hub means that the local community will regain access to a range of in-person banking options, from big banks like Barclays, HSBC, Lloyds, NatWest and Santander.
The new opening has been orchestrated by Cash Access UK, an organisation set up to protect nationwide access to cash.
The Newton Aycliffe banking hub will open at 11.00 am on Friday, December 1.
Newton Aycliffe’s Banking Hub is located at Unit B3, The Parade, previously a TSB bank branch and will be officially opened by Paul Howell, MP for Sedgefield.
The Hub, when it opens, will offer a counter service operated by the Post Office, where customers of all major banks and building societies can carry out regular cash transactions.
It will also offer a Community Banker service where customers can talk to their own banking provider about more complicated issues, Monday to Friday, 9.00am – 5.00pm.
Community Bankers will work on rotation, with a different bank available on each day of the week.
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Monday: Barclays
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Tuesday: HSBC
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Wednesday: Lloyds
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Thursday: NatWest
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Friday: Santander
Banking Hubs are being opened across the UK and are funded and supported by nine major high street banking providers: Bank of Ireland UK, Barclays Bank UK PLC, Danske Bank, HSBC UK Bank plc, Lloyds Banking Group, NatWest Group plc, Santander UK plc, TSB Bank plc and Virgin Money.
Newton Aycliffe was chosen to receive a Banking Hub after LINK, the UK’s cash access and cash machine network, identified the need for enhanced cash services following bank branch closures in the town.
Gareth Oakley, CEO at Cash Access UK: “We are pleased to announce the opening date for Newton Aycliffe’s new Banking Hub.
“Ensuring access to both cash and in-person banking services is vital to maintaining a thriving community, and we firmly believe that the Newton Aycliffe Hub will significantly contribute to supporting the local residents and businesses.”
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Paul Howell, MP for Sedgefield: “Since the closure of the last bank branch was announced, I have engaged with Cash Access UK and the opening of this new Banking Hub is great news for the residents of Newton Aycliffe and the wider constituency.
“I applaud the collaborative efforts of local banks, community representatives, and the Cash Action Group in bringing this vision to life. Their dedication to reinforcing access to cash and essential financial services is truly commendable.
“It marks a significant step forward in safeguarding the financial well-being of our community and is a testament to our resilience and determination to adapt to the changing landscape of banking, ensuring that our residents and businesses continue to thrive.”
