HSBC Oakham, Rutland's Last Bank, to Close in May 2024

HSBC Oakham, Rutland's Last Bank, to Close in May 2024

HSBC, the last remaining high-street bank in Oakham, will close its doors on May 28th, 2024.

A new Banking Hub will open, at the former Lloyds building on 43 High Street, will provide a central location for various banking needs.

HSBC Closing Date: May 28th, 2024

Banking Hub Opening: Early April 2024 (exact date to be confirmed)

Banking Hub Location: 43 High Street, Oakham (former Lloyds building)

Services Offered: Most banking services traditionally offered by major banks and the Post Office, combined under one roof.

Opening Hours: Monday to Friday, 9am - 5pm

Representatives from specific banks will be available at the hub on designated days:

Monday - Barclays

Tuesday - NatWest

Wednesday - Santander

Thursday - Lloyds

Friday - HSBC

Although operated and plastered with the Post Office Logo, The Banking Hub is not a post office and does not offer services like sending parcels or buying stamps.

Foreign currency services are also unavailable.

HSBC Oakham, 28 High St, Oakham, Rutland, LE15 6AR, A bittersweet farewell: HSBC Oakham prepares to close its doors

HSBC Oakham, 28 High St, Oakham, Rutland, LE15 6AR

A bittersweet farewell: HSBC Oakham prepares to close its doors

HSBC Oakham will be closing its doors this year.

The closure, scheduled to take place once the new Post Office Banking hub opens in the former Lloyds Bank premises, signifies a shift in how people bank. With the rise of online banking and mobile apps, foot traffic in traditional branches has steadily declined. While this undoubtedly brings convenience and flexibility for many, it leaves a bittersweet void for those who cherished the personal touch and familiar faces of their local bank.

HSBC acknowledges the long-standing relationship with the Oakham community and is committed to ensuring a smooth transition. Customers will be informed well in advance of the closure and offered support in transferring their accounts and services to nearby branches or online platforms. The new Post Office Banking hub aims to fill the gap by providing essential banking services within the familiar High Street setting.

Though the brick-and-mortar presence of HSBC Oakham may fade, its legacy will remain. It has been a cornerstone of the Oakham community, woven into the fabric of countless lives. From facilitating first salaries to witnessing the joy of securing a mortgage, HSBC Oakham has played a vital role in the financial well-being of generations.

As we turn the page on this chapter, we also look ahead with optimism. The new Post Office Banking hub presents an opportunity to maintain convenient access to essential financial services. While the way we bank may evolve, the importance of financial security and community support remains constant.

So, let us remember HSBC Oakham not just for its bricks and mortar, but for the countless lives it touched, the financial journeys it enabled, and the sense of community it fostered. As we bid farewell, we do so with gratitude for the past and hope for a future where financial accessibility continues to thrive in the heart of Oakham.

The exact date of the closure has not yet been announced.

HSBC will be holding information sessions for customers to learn more about the closure and their options.

The new Post Office Banking hub is expected to open in Spring/Summer 2024.