OneBanks expands shared banking network with Co-op

By Megha Bhattacharya

OneBanks, the shared branch banking solutions provider, is expanding its successful trial with the launch of its second pilot in-store kiosk. Once fully operational later this month, the new kiosk – only recently installed at the Co-op convenience store in Kilwinning, in the West of Scotland – will enable customers to deposit and withdraw both notes and coins, as well as manage payments for utilities and other bills.

Duncan Cockburn, OneBanks’ Founder and CEO, says: “Around 50 bank branches a month are closing and have been for the last six years. Thanks to the Co-op who share our belief in the importance of bringing face-to-face banking back to the community, we are now able to roll out our second kiosk which will offer a wider range of services, all with the same human touch people value.“

In addition to the services already on offer at the kiosk located in Co-op’s Denny store, the Kilwinning site will test out a new facility, developed in partnership with G4S, which means customers can deposit coins as well as notes, as well as manage payments for utilities and other bills. The facility is equipped with a touch screen which also allows customers to purchase goods and services from online providers such as Amazon using cash, and receive change in coins.

Mark Matthews, Co-op’s Director of Innovation and Format, adds: “Both Co-op and OneBanks share a common commitment to connecting communities, making a difference locally and operating at the heart of local life. We are committed to working with partners to develop added services conveniently – creating a really compelling offer in our communities. We’re delighted to be working with OneBanks to return banking services back to these towns.”