A new cash deposit machine has been installed in Burnham-On-Sea following the closure of the town’s Lloyds Bank branch.
The new cash deposit machine has been introduced outside Burnham’s Tesco store in Ben Travers Way.
It allows “free deposits of cash” for customers of Bank of Scotland, Halifax, TSB, Lloyds, NatWest, RBS, and Barclays.
As reported here, Lloyds Bank in Burnham-On-Sea High Street permanently shut down on November 28th, with Lloyds blaming a rise in digital transactions.
The branch had been due to closed on November 13th, but the date was delayed to allow time for the new deposit machine to be installed in Burnham in order to comply with new Financial Conduct Authority (FCA) rules.
Councillor Sharon Perry said, “It is sad to see the closure of the last bank in Burnham-on-Sea last week. I know that many people will miss the easy access to advice and banking services in our town centre. Not everyone has access to digital or online banking and cash is still important to millions of people in the UK.”
“Whilst it is helpful that Cash Access UK have provided alternative arrangements to provide cash and deposit services, the Banking Hub Working Group will be meeting shortly with a representative of LINK, who assesses our access to banking services, to still pursue the idea of a Banking Hub.”
