Bodmin’s high street is set to become a bank-free zone from June 2024.  

Lloyd’s Banking Group have announced that both the Lloyd’s and Halifax bank branches in the town will close on June 20, 2024.  

It means that the town will be left with no traditional bank branch, after the closure of Barclays, HSBC, Natwest and Nationwide in recent years.  

However, it has also been announced that in place of the banks, a ‘banking hub’ will be set up in the town, bringing together services previously offered by different banks into one place, and is likely to open at the ‘end of 2024’.  

LINK, the UK cash access and ATM network described a banking hub as: “A shared banking space, similar to a traditional bank branch, but available to everyone. The hub will consist of a counter service operated by Post Office employees, where customers of any bank can withdraw and deposit cash, make bill payments and carry out regular banking transactions. In addition, there will be private spaces where customers can speak to community bankers from their own bank for more complicated matters that require specialist knowledge or privacy. The banks will be working on a rotating basis, so there will be staff from different banks available on different days.” 

 Scott Mann, the MP for North Cornwall, reacted to the news saying he was pleased to learn that a banking hub would be introduced to ensure the availability of banking services in the town.