Bank closures prompt calls for High Street hubs
Business / Wed 3rd May 2023 at 07:25am
THE UK should open more shared banking hubs to help those who feel uncomfortable managing their finances online, a charity has said reports the BBC.
Bank hubs – which are spaces shared by several different High Street lenders – are meant to help communities that have seen all their bank branches close.
But only four hubs have opened so far, while an average of 54 UK branches have shut each month since January 2015.
Age UK said older or vulnerable people could struggle with online banking.
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These are crucial and in-person banking services are a good line of defence against the never-ending onslaught of scammers.
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