Post Office secures five-year agreement to continue operating Banking Hubs
Post Office has signed a new five-year agreement with Cash Access UK to continue operating Banking Hubs across the UK. Post Office already operates 200 Banking Hubs and will play a central role in delivering on the Government’s ambition to have 350 Banking Hubs operating by the end of this Parliament.
With millions of people and small businesses relying on access to cash every day, Post Office branches alongside Banking Hubs, are increasingly becoming the only place for many local communities and small businesses to do their everyday banking as bank branches continue to close across the country.
The five-year contract starts on 1 January 2026 and extends the successful partnership with Cash Access UK. The contract coincides with the start of the Post Office’s new Banking Framework agreement with 30 of the UK’s largest banks and building societies. These agreements ensure that local communities can continue to access and deposit cash at thousands of Post Office branches across the UK.
Ross Borkett, Financial Services Director at Post Office, said: “Access to cash in the UK has and always will be underpinned by the Post Office network.
“I’m delighted that this agreement renewal with Cash Access UK ensures our long-term commitment to work together as we and our postmasters continue to play an important role in delivering on the Government’s commitment to have 350 operating Banking Hubs by the end of this Parliament. We believe that there’s scope for many more Banking Hubs to be opened and operated by our highly experienced postmasters who already provide access to cash to customers every day in their post office branches.
“Banking Hubs simply wouldn’t exist without the Post Office’s role in developing and operating them. Postmasters are at the heart of their local communities offering outstanding service and are the natural partner to operate Banking Hubs given their expertise when it comes to providing face-to-face everyday banking services. This new Banking Hub agreement, alongside our new wider agreement with the banks, both of which come into effect on 1st January, safeguards the UK’s access to cash for the next five years.”
Earlier this month, the 200th Banking Hub was opened in Billericay, marking an important milestone for both Post Office and Cash Access UK. Post Office looks forward to its continued partnership with Cash Access UK to continue to grow the footprint of Banking Hubs across the country.
Find out more about Banking Hub’s and where they are located here: https://www.postoffice.co.uk/bankinghubs
Find out more about the Post Office’s Banking Framework agreement with the banks here: