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John Howells, CEO at LINK, said: “While the way people are banking and paying for things is changing, we also know that there are millions of consumers who are still dependent on cash, so LINK’s work is vital to ensure that free access to cash is maintained where it is needed by consumers.” The opening of the new Banking Hubs will now be carried out by a bank-owned delivery body, The Banking Hub Company.

Since January, LINK has been assessing the effect of bank branch closures on communities and identifying where new shared facilities such as ATMs, cashback, improved Post Offices or Banking Hubs are needed. LINK, the UK’s Cash Access and ATM network, has recommended Cottingham, along with Buckingham, in Buckinghamshire, and Troon, in Ayrshire, for a Banking Hub, having met the necessary criteria. What do they do if they want to get money out or need some advice? Many people like speaking to a teller, they are used to using a pass book to draw money out or put money in.” “I think this is really sad for people on mobility scooters, who don’t drive and don’t like going on buses. Lloyds Banking Group is to close a further 60 branches of Lloyds Bank, Halifax and Bank of Scotland (Image: Stefan Rousseau/PA Wire) I am fortunate in that I can drive and can go into town if I need to, but a lot of people in Cottingham are elderly, they can’t drive and have been frightened of going on buses because of Covid. “Speaking from a personal point of view, this is sad for Cottingham. Banking Hubs have a traditional banking counter, run by the Post Office, where customers can deposit and withdraw cash, pay in cheques and check balances.Ĭllr Ann Abel, who is chairman of Cottingham Parish Council, said it was a sad day for the village. The high street lender said Banking Hubs have been recommended for Cottingham, Buckingham and Troon by leading cash machine company LINK. Read more: Early morning cash machine ram-raid shocks 'quiet little' East Yorkshire town

These have increased 12 per cent and 27 per cent respectively in the last two years, reports the Mirror. Lloyds says it now has 18.6 million regular online banking customers and over 15 million mobile app users. A total of 60 Lloyds, Halifax and Bank of Scotland closures have been announced with parent organisation, Lloyds Banking Group, blaming a rise in people using online banking services.Ĭottingham has previously lost NatWest, Halifax and Santander branches, leaving Lloyds as its last physical bank. The closure of the branch has been listed for September 21, 2022, along with the loss of 24 more Lloyds branches up and down the country.

The East Yorkshire village of Cottingham is to lose its last bank, with the announcement by Lloyds that is to close its branch in Hallgate.
