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Are banking hubs the answer to branch closures?

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28.02.2026

It feels like every day we hear about yet another bank branch closing. It’s a trend that has been driven by the fact that many of us find it more convenient (and banks certainly find it cheaper) to bank digitally.  

But what about people who can’t or don’t want to bank online, and who depend instead on personal face-to-face banking services? The current solution is banking bubs. 

Banking hubs are shared spaces in the heart of communities, run by a partnership of high street banks. Usually found in a post office or similar space, they allow people to interact in person with a number of different banks in one place.  

The UK Government’s Financial Inclusion Strategy, launched last year, committed to opening 350 banking hubs across the UK, 30 of them in Scotland. The aim........

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