Lloyds shut its branch in the Powys border town on March 3, but says customers will still be able to access banking services once a week, with the launch of its banking hub service.
The service was launched on Tuesday, March 18, although it is only available every Tuesday in town, and for just three hours.
The hub will only be open from 10am-1pm and will be located at the Assembly Rooms (the Blue Room), with no cash services available.
It will provide banking support but this does not include cash services. Basic transactions can be performed, such as account balance, direct debits, standing orders and bill payment enquiries for both personal and business account holders.
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A Lloyds spokesperson said: “The local Post Office on the High Street offers everyday banking and customers can also manage their money through our app, online, by calling us or in-person at any Lloyds or Halifax branch.”
Lloyds shut its Hereford Street branch on March 3, leaving Presteigne without a high street bank for the first time. The building is now up for sale.
The closure was announced last July, although customers fumed that they had not been informed directly of the impending closure.
Lloyds later confirmed that the bank’s cash point was also going to be removed.
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In a booklet explaining its decision to close its Presteigne branch, Lloyds said it had come to its decision because most customers are now using the mobile banking app, internet banking or calling instead.
Lloyds, Halifax and Bank of Scotland are all part of the Lloyds Banking Group, which announced last June it would shut at least 237 of its bank branches in 2024 and 2025.
Halifax has closed or is closing a total of 87 branches, with 41 Bank of Scotland branches closed or closing. A total of 109 branches of Lloyds were part of the cull.
However, in January this year, Lloyds Banking Group announced it was closing 136 more branches between May this year and March 2026 – including in nearby Leominster and Ludlow.
