Oakham, Rutland, Says Goodbye to HSBC, the last bank to close it doors here in Rutland, A new ATM is to be installed at the Banking Hub (subject to planning approval)

Oakham, Rutland, Says Goodbye to HSBC, the last bank to close it doors here in Rutland.

HSBC has shuttered its doors, marking the closure of the last traditional bank branch in Oakham, Rutland. Residents can now access banking services through the new banking hub established in the former Lloyds Bank location.

The hub offers cash withdrawals and deposits, providing a familiar function for those accustomed to in-person banking. However, for more specialised services, the landscape has changed. Representatives from various major banks will be available on designated days to assist customers with a limited range of services.

This shift reflects the nationwide trend towards digital banking. While it offers convenience for many, it also presents challenges for those who prefer face-to-face interactions or lack easy access to technology. The new banking hub model aims to strike a balance, providing a physical space for essential transactions while acknowledging the evolving financial landscape.

The Banking Hub, friendly staff and the former mayor of Oakham.

A new ATM is to be installed at the Banking Hub (subject to planning approval)