As branches close, Barclays has been evolving its flexible banking formats. These include ’banking pods’, semi-permanent structures in shopping centres and retail parks that can be moved around the UK based on demand. Barclays ‘Banking Pods’ to Pop Up in Shopping Centres.
It also partners with local councils and communities to offer face-to-face banking support in places like town halls and libraries. And it’s growing its ‘Cashback without Purchase’ service that gives people free cash withdrawals in thousands of small businesses. Barclays ‘Banking Pods’ to Pop Up in Shopping Centres.
Barclays’ expansion strategy
Following the closure of some of its branches, Barclays has unveiled a new service called banking pods. The semi-permanent structures are located in locations such as shopping centres and retail parks and can be repositioned depending on demand.
The pods are part of Barclays’ Barclays Local service, which works with local councils and communities to arrange a presence in town halls and libraries to offer in-person banking support. These colleagues will provide face-to-face assistance with customers’ everyday finances and money management needs, as well as offering digital skills workshops and fraud and scams awareness events.
The UK’s leading banks have closed swathes of high street branches since 2015.
Barclays Local
Barclays Local is a flexible banking format that offers in-person banking support in community locations and new pods across the UK.
These sites provide access to a range of services, including cash deposits, account openings, and card activations.
The company has a long history in London, dating back to the 17th century. Its roots in the city can be traced to John Freame, who founded a bank on Lombard Street. Later, the bank merged with Martins Bank to form the Barclays we know today.
Barclays’?Cashback without Purchase?
Barclays has launched a new service which will allow people to withdraw cash from local shops without making a purchase. The business will be paid 15p per approved cash withdrawal transaction to offset the cost of the card processing fee.
This new service is part of the bank’s wider commitment to support people who rely on cash. The research also suggests that many consumers will be taking a staycation this year needs read more hear.
