UK establishes 15 new banking hubs for cash access under FCA regulations.

The UK is introducing 15 new banking hubs to enhance cash access following new Financial Conduct Authority (FCA) regulations. These hubs will provide shared banking services for personal and business customers, featuring Post Office counter services and rotating staff from major banks. With 81 hubs already established, the initiative aims to address the decline of traditional bank branches and ensure communities can withdraw and deposit cash effectively.

September 17, 2024
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