Summary
Many bank branches in Yorkshire have closed over the past decade, leading to "banking deserts" in some areas. This particularly affects older residents and those with disabilities who need in-person banking services. Banking hubs, run by Post Office managers, are opening as a solution to provide essential banking services in affected towns.
Key Facts
- Over half of local bank branches in Yorkshire have closed in the past 10 years.
- Stocksbridge, a town in Yorkshire, lost all its banks by 2017.
- Older people are significantly affected by bank closures as they often rely on in-person services.
- People with disabilities, such as visual or hearing impairments, also face challenges without local banks.
- Banking hubs offer services like cash deposits and withdrawals and allow customers to ask bank-specific questions.
- These hubs are set up by a nonprofit organization called Cash Access UK and involve major high street banks.
- There are currently 25 banking hubs in North, West, and South Yorkshire.
