Oxford area to lose majority of banking services by fall

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Residents of North Oxford are expected to lose the majority of their in-person banking services by the fall.

Summertown will lose Lloyds Bank and Post Office branches, both on Banbury Road, in the coming months.

At present, residents of Summertown have access to Lloyds Bank and the post office, as well as ATMs on the high street.

READ MORE: Residents of Summertown, Oxford say it’s a ‘disaster’ they could lose the post office

Lloyds Bank on Banbury Road in Summertown. Photo: Google Maps

Lloyds Bank’s Summertown site is one of 60 banks, including one in Abingdon, that parent company Lloyds Banking Group will close.

The decision was made after the number of customers using online banking hit an all-time high this year, the company said.

It is scheduled to close on July 21.

The La Poste agency will close its doors alongside the Coop, in which it is based, by the end of September.

This is because it “does not fit the long-term strategy” of Midcounties Co-operative, a company spokesperson said.

READ MORE: Oxford Co-op announces closure

Oxford Mail: Residents will lose most of their banking services.  Image: PA Media Residents will lose most of their banking services. Image: PA Media

Once both brands close, people wanting to access banking services through a post office will have to travel 30 minutes to Cuttleslowe or St Giles, while Lloyds customers living in the area will have to head to the city center.

A Lloyds Bank spokesperson told the Oxford Mail that when the bank closes customers can simply use the post office for “everyday banking, accessing cash, paying checks etc. .”, without knowing that this service will – also – be unavailable soon.

News of the post office closing was described by residents of North Oxford as “terrible” and a “disaster”.

Linda Perks said, “Having to lose the Summertown co-op is a disaster.

“Not only is the post office working, but I know several senior citizens who rely on the co-op to make their food deliveries which they call in their orders and get delivered by the friendly staff.

“It bothers them a lot because they don’t use the internet.

“Please keep it as is.”

Lucy Todd called it “a real shame and a big loss”.

READ MORE: Oxford restaurant The Nosebag to close

Oxford Mail: post office on Banbury Road in Summertown.  Photo: Google Maps Post Office on Banbury Road in Summertown. Photo: Google Maps

Martin Hogg thinks the move is “terrible” and people will find Cutteslowe “too far”.

Lib Dem County Councilor Andrew Gant, who represents Summertown and Wolvercote, said local councilors were “working hard” to see if there was a way to maintain a post office in Summertown.

“Many residents have contacted us to express their concern over his potential loss,” he said.

He added: “It’s fairly early to tell how the talks might pan out, but we fully support local residents in their relentless campaign to keep a post office in Summertown.”

This article has been corrected as it previously referred to HSBC on Banbury Road as open, but it has closed in 2021. We are very happy to clarify this.

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