Hardware

Cash kiosk coming to Welsh building society

The kiosk will allow businesses and individuals to access cash in areas hit by bank branch closures. Photo provided by OneBanx.

September 29, 2023

Principality Building Society, a building society in Cardiff, Wales, will boost access to cash in a Welsh community hit by bank closures via a cash kiosk pilot in partnership with OneBanx, a Glasbow based shared bank innovator.

The kiosk will be hosted in Principality's Cowbridge branch and will enable individuals and business customers of banks and building societies to deposit and withdraw cash without needing a card, according to a press release.

There is no charge for the service, which is available in the Welsh language, and the money is received immediately by the customer.

The service will be available during branch opening times six days a week, and customers needing assistance to use the service will be supported by Principality branch colleagues.

"As we navigate the digital age and witness the evolving landscape of financial services, as a purpose-led organization, we believe it is crucial that we do not leave behind those who rely on traditional methods of banking and transactions," Shaun Middleton, head of distribution at Principality, said in the press release.

OneBanx has already rolled out these facilities in parts of Scotland, the North East of England and the East Midlands.