Seaham's banking hub location has been confirmed after many of its bank branches shut up shop. 

Most recently, Lloyd's Bank closed its branch based in Seaham, County Durham, but a banking hub - set up by Cash Access UK - was announced shortly after. 

Now, Cash Access UK has confirmed today that the new Banking Hub in Seaham will be in the Byron Place Shopping Centre. 

The Hub will open in part of the unit currently used by The Works.

The Hub will offer a counter service operated by the Post Office, where customers of all major banks can carry out regular cash transactions, Monday to Friday, 9am-5pm.

It will also offer a Community Banker service where customers can talk to their bank about more complicated issues on the day their bank is in the Hub.

Community Bankers will work on rotation, with a different bank available on each day of the week:

  • Monday: NatWest
  • Tuesday: Lloyds
  • Wednesday: Halifax
  • Thursday: Santander
  • Friday: Barclays

Finding the right location for a Banking Hub that is convenient, accessible and works for everyone often takes time, so Cash Access UK say they were "delighted" to have been able to secure convenient premises in the heart of the community. This development is a "significant step forward" in bringing a Banking Hub to Seaham.

The Hub will open later this year, and the team at Cash Access UK are now fitting out the new premises and will update the community on progress and an opening date as soon as they can.

The Seaham Banking Hub page on the Cash Access UK website will provide updates as works progress.  

The Hub was recommended by LINK, the UK’s cash access and ATM network, following confirmation of the closure of the town’s last bank branch.

Recommended reading: 

Get the latest news, sports, and entertainment delivered straight to your device by subscribing to The Northern Echo here. 

There are currently 54 Banking Hubs up and running across the country including nearby Newton Aycliffe. Two other Hubs have also been recommended in County Durham in Crook and Ferryhill.

Gareth Oakley, CEO at Cash Access UK: “It’s great news that we have secured a location for our Banking Hub in Seaham. Our job is to start the building works and to open the hub in the coming months.”

Mayor of Seaham, June Watson: “Following recent bank closures it appeared that Seaham would be left bereft of any banking facilities, which has caused stress and worry for many people. The Banking Hub is a huge relief to us all and a most welcome addition to our Town. I personally am so grateful as it will be an immense relief to our residents and particularly the elderly.”