Turriff to receive new banking hub

LINK, the UK’s cash access and ATM network, has today announced locals and businesses in Turriff will soon find it easier to access banking services thanks to a recommendation for a new banking hub in the town.

Following the announcement of the closure of the final bank branch, LINK has confirmed that the town will benefit from a new banking hub as part of a wider commitment to protect access to cash.

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

To date, LINK has recommended 224 banking hubs, and 19 banking hubs have been announced today. Turriff is the third hub to be recommended in Aberdeenshire by LINK following Banff and Huntly.

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. There are currently 139 hubs open across the UK.

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Dr Chris Ashton, Chief Commercial Officer, LINK, commented: 

“While more people are choosing to bank and pay for things digitally, we know that many people still rely on and choose to use cash and face-to-face banking. That’s why we’re delighted to recommend the new hub in Turriff. There are almost 150 hubs open across the country and when it opens, the Turriff banking hub will be vital for the local community and high street.” 

Turiff is 20 miles from Ellon, where Gordon and Buchan MP Harriet Cross has spearheaded an official appeal against the decision not to award Ellon a similar banking hub.