HSBC announces closure date of Rutland’s final bank as customers to move to new banking hub in Oakham

A bank branch earmarked for closure will remain open until customers are transitioned to a new hub.

Banking giant HSBC announced the closure of its Oakham branch in November 2022, with doors initially scheduled to shut in June 2023.

With Barclays also announcing it was shutting HSBC delayed its closure while a banking hub was being set up, so that the county was not left without banking services.

A spokesperson said the decision, which was announced in March last year, was to ‘ensure a continuity of service for all residents in Oakham’.

Cash Access UK, the organisation set up to protect nationwide access to cash, is due to open the hub in Oakham at 43 High Street – the former home of Lloyds Bank – in early April.

HSBC will remain open until May 28 ‘to help customers with a transition to the banking hub’.

The new hub will provide most of the banking services associated with either the major bank branches or the Post Office, but all under one roof.

Should customers require specialist services from their specific bank, each has a certain day of the week when their representative will be at the hub: Monday will be Barclays Bank, Tuesday is Nat West Bank, Wednesday is Santander, Thursday is Lloyds Bank, and Friday is for HSBC bank.

The Oakham Banking Hub will be open Monday to Friday, 9am to 5pm. No appointment is necessary, and no queuing is expected.

A business is due to move into the former HSBC in Bourne which has been empty for a number of years.

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