Posted: Sat 2nd Mar 2024

New Banking Hub Branch Confirmed for Porthcawl by Cash Access UK /

Cash Access UK, an organisation set up to protect access to cash for residents across the country, has confirmed it will open a new Banking Hub branch in Porthcawl.
The site will be located at 77 John Street, Porthcawl, and will feature a hub that offers a counter service operated by the Post Office, where customers of all major banks can carry out regular cash transactions.
It will be open to the public Monday to Friday between 9am and 5pm, with a report from the company adding that a community banker service will also be available for customers, where they can “talk to their own bank about more complicated issues.”
It will come as a welcome move to residents in the town of Porthcawl, which saw the closure of a number of its banks in 2023, including the local HSBC, Natwest, and Barclays.
Cash Access UK opened two banking hubs in Wales in 2023, in Prestatyn and Welshpool, and said it had plans to open at least six more this year, including Porthcawl, Abergele, Abertillery, Morriston, Risca, and Treorchy.
Gareth Oakley, who is CEO at Cash Access UK said: “We are happy to announce that we have secured a location for our Porthcawl Banking Hub. The two Hubs that opened in December in Prestatyn and Welshpool are already making a difference. The next steps are refurbishing the new building and making sure it’s ready as soon as possible.”
Dr Jamie Wallis, MP for Bridgend, added: “I’m thrilled that Porthcawl’s residents can continue using in-person banking near to their own homes, thanks to Cash Access UK’s Banking Hub in John Street.
“This lifeline should safeguard continued cash access after a painful period of uncertainty, ensuring everyone living locally is afforded a regular rota service shared between bank providers. This should serve as an enormous reassurance to those that wrote in initially in 2023. I’d like to thank Cash Access UK for duly delivering on their prior promises.”
Community bankers will soon be working on rotation at the Porthcawl branch when it opens sometime in 2024, with a different bank available on each day of the week, as follows:
Monday: Barclays
Tuesday: Halifax
Wednesday: Lloyds
Thursday: HSBC (am) NatWest (pm)
Friday: Santander ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Spotted something? Got a story? Email News@News.Wales

More from Bridgend Council

Fees and Charges to Remain the Same at Coychurch Crematorium in Bridgend

Bridgend Council

Council Appoints Contractors for Repairs to Homes Damaged in Insulation Scheme

Bridgend Council

Bridgend council sets date for crucial debate on Hybont hydrogen project

Bridgend Council

Bridgend Council Denies HMO Conversion Proposal due to Over-Concentration Concerns

Bridgend Council

Questions Raised Over Low Dog Fouling and Fly-Tipping Fines in Bridgend

Bridgend Council

Bridgend council faces costly repairs to indoor market due to “disadvantageous” lease

Bridgend Council

Latest from News.Wales

Audit Wales Report Highlights Lack of Understanding of Powys Residents’ Needs by Senior Council Chiefs

Powys Council

Former Village School in Carmarthenshire Transformed into Community Hub and Cafe

Carmarthenshire Council

Legal Agreement for Financial Contributions Towards Pembrokeshire’s Bluestone Resort Expected to End

Pembrokeshire Council

Merthyr Tydfil Council to Potentially Transition 40 More Vehicles to Electric with £400,000 Funding

Merthyr Tydfil County Borough Council

Deadline for Police Commissioner Election Registration Approaching in Wales

Monmouthshire Council

Failings in Contract Management by Powys County Council Result in Losses for Local Businesses

Powys Council