Recent discussions in the House of Commons have brought to light the severe implications of bank closures in rural areas. Led by Simon Hoare, MP for North Dorset, a debate on bank closures in rural areas highlighted the disproportionate hardship these closures inflict on rural communities compared to urban settings.
The impending closure of the last two bank branches in Alnwick, Northumberland — Lloyds and Halifax — scheduled for January 2025, has not only highlighted the challenges faced by this historic market town but also shed light on a broader crisis affecting rural banking infrastructure across the UK
Barclays has announced it is to close at least 180 of its branches in the next 2 years, more than a third of its entire UK networks.
A new policy is to be introduced which will ensure that the ‘vast majority of people and businesses’ will be no further than three miles away from a place where they can withdraw cash.
Traders in Bromyard, Herefordshire, have told the BBC that the town has been left short of cash and ‘forced to travel miles with their takings’ after the last bank closed its doors.
CITY A.M. report a leading charity for older people has criticised the latest tranche of bank branch closures, saying it is making banking “really difficult.”
The Yorkshire Post reports that new research by the lender Abound that estimates that just 5% of people have not withdrawn cash from an ATM in the last 12 months and that around 80% of Brits said that they took out money in the last three months
Now or never to save cash, Which? warns, as new research reveals ATMs and bank branch network cut to the bone
more shared banking hubs will open in UK towns and villages as banks continue to close a swathe of branches
A key report mapping out how the banks intend to help preserve nationwide access to cash and branches on the high street is expected to be announced shortly according to an article in This is Money
Recent discussions in the House of Commons have brought to light the severe implications of bank closures in rural areas. Led by Simon Hoare, MP for North Dorset, a debate on bank closures in rural areas highlighted the disproportionate hardship these closures inflict on rural communities compared to urban settings.
The impending closure of the last two bank branches in Alnwick, Northumberland — Lloyds and Halifax — scheduled for January 2025, has not only highlighted the challenges faced by this historic market town but also shed light on a broader crisis affecting rural banking infrastructure across the UK
Barclays has announced it is to close at least 180 of its branches in the next 2 years, more than a third of its entire UK networks.
A new policy is to be introduced which will ensure that the ‘vast majority of people and businesses’ will be no further than three miles away from a place where they can withdraw cash.
Traders in Bromyard, Herefordshire, have told the BBC that the town has been left short of cash and ‘forced to travel miles with their takings’ after the last bank closed its doors.
CITY A.M. report a leading charity for older people has criticised the latest tranche of bank branch closures, saying it is making banking “really difficult.”
The Yorkshire Post reports that new research by the lender Abound that estimates that just 5% of people have not withdrawn cash from an ATM in the last 12 months and that around 80% of Brits said that they took out money in the last three months
Now or never to save cash, Which? warns, as new research reveals ATMs and bank branch network cut to the bone
more shared banking hubs will open in UK towns and villages as banks continue to close a swathe of branches
A key report mapping out how the banks intend to help preserve nationwide access to cash and branches on the high street is expected to be announced shortly according to an article in This is Money
