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<p>Banking Hubs are a commercial initiative provided by participating retail banks
and building societies in partnership with the Post Office to support access to cash
and banking services in communities.</p><p> </p><p>Banking Hubs offer basic counter
services provided by Post Office staff, allowing people and businesses to withdraw
and deposit cash, deposit cheques, pay bills and make balance enquiries. They also
contain dedicated rooms where customers can see community bankers from their own bank
or building society for more complicated matters that require specialist knowledge
or privacy.</p><p> </p><p>Decisions regarding the deployment of Banking Hubs and the
range of services provided are taken on a commercial basis by the parties involved.
To date, industry has committed to deliver Banking Hubs in 80 locations. Further information
on Banking Hubs is available at: <a href="https://www.cashaccess.co.uk/" target="_blank">https://www.cashaccess.co.uk/</a></p><p>
</p><p>The Financial Services and Markets Act 2023 provides the Financial Conduct
Authority (FCA) with responsibility and powers to seek to ensure reasonable provision
of cash access services. The FCA is currently developing its approach and will consult
in due course.</p>
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