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Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms

first_img Barclays, Lloyds and Natwest launch business hubs as branch closures hit small firms Managing director of SME at Lloyds Bank, Paul Gordon said: “The Business Banking hub pilot is being explored as an additional route for firms looking for flexible banking.”Working collaboratively with other high street banks means more businesses will benefit.”Barclays business banking chief executive Ian Rand said: “The pilot is designed to complement our existing branch network and innovative cash collect service, which enables businesses to schedule cash pick-ups when it’s convenient to them.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost FunRare Photos Show Us Who Meghan Markle Really IsPost FunLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorMagellan TimesIf You See A Red Ball On A Power Line, Here’s What It MeansMagellan TimesThe Legacy ReportMan Who Predicted 2020 Crash Says “Now Is The Time”The Legacy ReportFactablePut Baking Soda Around The Base Of A Tomato Plant, Here’s WhyFactableInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment Guru Tags: Trading Archive Read more: Digital bank Monzo in discussion with Post Office over cash services dealThe hubs will allow businesses to pay in large volumes of coins, notes and cheques and complete cash exchange transactions.Businesses customers of the three banks will be able to use the shared facilities, which will be managed by cash management vendors G4S and Vaultex.The total number of bank branches in the UK has fallen from 11,365 in 2007 down to 7,207, according to a parliamentary review last year.In November the Banking Standards Boards (BSB) said small businesses were being damaged by branch closures and urged banks to collaborate. whatsapp whatsappcenter_img Callum Keown Monday 11 March 2019 3:30 pm “We have listened to what our business customers really want from our cash services,” Natwest deputy chief executive Alison Rose said.“It is now more important than ever that we continue to offer innovative services, and we are creating an infrastructure that allows small business owners and entrepreneurs to do what they do best – run their business,” she added.The business banking hubs will have extended opening hours – 8am to 8pm – seven days a week, with the first opening in Birmingham today.Read more: DEBATE: Is the UK ready to go cashless?A further five in Manchester, Crosby, London, Leicestershire and Bristol will follow in the coming weeks. Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Three of the UK’s largest banks have unveiled plans for joint business hubs amid fears small firms are being hit by branch closures.Natwest, Lloyds Bank and Barclays have announced the pilot, which will see six business banking hubs launched across the country.last_img read more

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