Bank Branch News

Launch of One-Stop Banking Hub in Scotland

On 15 December a new approach to branch banking started in the UK. OneBanks has partnered with the Co-op retailer to open a fully staffed kiosk in the shop. Although opening in December, it only goes fully live in January. The kiosk is opening in Denny, a Scottish town which has not had any banking facilities for over two years. It is estimated 40% of Scottish towns have one or fewer bank branches.

What makes this new is that the kiosk acts as an independent ‘gateway’ to the services of all of the big high street banks for anybody who needs them. The opening hours of the kiosk are those of the shop, so banking services are available for 93 hours a week. The OneBanks kiosk will offer everyday banking from cash withdrawals, deposits, payments, transfers, to support and face to face conversation with human beings. Services to customers are free of charge, with OneBanks charging commercial banks an agreed fee for work done.