Cash Access UK, the organisation set up to protect nationwide access to cash, has implemented a new, multi-bank deposit machine to provide cash and deposit services in Shanklin inside the Co-op Food on Landguard Road.
The deposit machine is connected to the LINK ATM network and will offer easy access to cash services such as withdrawals, balance enquiries, PIN management to customers of all major banks.
It also offers free cash deposits to customers of Barclays, Bank of Scotland, Halifax, Lloyds, NatWest, Royal Bank of Scotland and Ulster Bank with more banks to be added soon.
The deposit machine is one of a number of solutions being trialled to improve deposit services.
The 'deposit solutions' are being tested in locations such as Shanklin, where there are a lack of cash services for business banking customers.
Gareth Oakley, CEO at Cash Access UK, said:
“Access to deposit-taking ATMs is vital for cash reliant UK consumers struggling to access basic banking services and it’s just as important that businesses who accept cash can bank it too.
"We’re pleased to be able to bring this service to residents and local businesses in Shanklin.”