A new banking hub is to be set up in Armley as part of a wider commitment to protect access to cash.
LINK, the UK’s cash access and ATM network, says the hub will consist of a counter service operated by the Post Office, where customers of any bank can withdraw and deposit cash, make bill payments and carry out regular banking transactions.
Banking hubs are a shared space, similar to a traditional bank branch, but available to everyone.
Nick Quin, Head of Financial Inclusion, LINK, said: “We are pleased to recommend this new banking hub for the local community in Armley.
“Despite bank closures, many consumers and businesses are reliant on cash, and it is essential that we protect access to cash and basic banking for communities across the UK.”
The move comes after Lloyds this week confirmed the closure of its Armley Town Street branch in September 2025.
Lloyds said that transactions in the latest batch of 55 branches earmarked for closure across the UK had fallen by 55% over the past five years, while use of its mobile banking app had grown.
The banking hub in Armley will be delivered by Cash Access UK, a not-for-profit company owned and funded by nine major high street banking providers which provides cash and basic banking services in communities across the UK.
Over the next few weeks, Cash Access UK will start to engage with the local community and look for potential sites. The hub will likely open in 12 months.
The new banking hub has been welcomed by Leeds West & Pudsey MP Rachel Reeves. She said: “I have been in contact with Lloyds and received assurances that the branch will not close until the new banking hub is up and running.
“This Government is committed to bringing banking back to high streets and I therefore welcome the announcement that residents in Armley will continue to have access to banking services, including to a wider selection of banks, in the new banking hub.”
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