Post Office has signed a new five-year agreement with Cash Access UK to continue operating Banking Hubs across the UK.
Under the deal, which runs from 1 January 2026, Post Office will build on its existing operation of 200 Banking Hubs and play a central role in delivering the government’s ambition to have 350 hubs in place by the end of the current Parliament.
The renewed contract comes at a time when bank branch closures continue to accelerate, leaving Post Office branches and Banking Hubs as the main face-to-face banking option for many communities. Millions of consumers and small businesses rely on these locations to withdraw and deposit cash and carry out everyday banking.
The agreement also coincides with the start of Post Office’s new Banking Framework with 30 of the UK’s largest banks and building societies. Together, the arrangements ensure customers can continue to access cash services at thousands of Post Office branches nationwide.
Ross Borkett, financial services director at Post Office, said access to cash “has and always will be underpinned by the Post Office network”.
He added: “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 there’s scope for many more Banking Hubs to be opened and operated by our highly experienced postmasters.”
Borkett said postmasters were “the natural partner” to operate Banking Hubs, given their expertise in providing face-to-face banking services, and stressed that the combined agreements with Cash Access UK and the banks would safeguard UK cash access for the next five years.
Earlier this month, the 200th Banking Hub opened in Billericay, marking a milestone in the rollout. Post Office said it expects the renewed partnership to accelerate the expansion of Banking Hubs, offering reassurance to retailers and communities concerned about the future of local banking services.