Yeadon chosen as the location for a new banking hub

The announcement for the hub, which will be located in Yeadon, was made today by LINK, the UK's cash access and ATM network. 

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

The hub, when open, 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.

There will also be private spaces where customers can speak to community bankers from their 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 new hub will delivered by Cash Access UK, which will today begin the process of looking for a location to host the hub.

It will likely open in 12 months. 

To date, LINK has recommended 163 banking hubs. There are currently 78 banking hubs up and running in the UK - including one in Otley.

Adrian Roberts, deputy CEO at LINK, said: “We’re pleased to recommend this new hub in Yeadon.

"Access to cash remains vital for millions of people across the country and the new rules that come into force today mean that people will be able to access cash on the high street for many years to come.”

Labour MP for Leeds North West Katie White said: "I'm delighted that Yeadon is getting a new banking hub, especially at a time when so many people feel disconnected from traditional banking services. While online banking is increasingly popular, there are still many - including local businesses - who depend on the option to visit a branch in person.

“The Yeadon hub will help bring essential services back into the heart of our community, making it easier for everyone to manage their finances close to home."