THE planned location for a banking hub in Launceston has been confirmed as the town prepares for the closure of its final bank.

Following the closure of the town’s banks, Cash Access UK has been moving forward with plans to introduce a hub within the town which will facilitate local banking needs.

In June 2025, NatWest announced that it planned to close it’s Launceston branch, however, this could only be done following the opening of a banking hub. Since then, Cash Access UK has announced that it is making ‘good progress’ in its efforts to open a temporary hub within the Gateway Centre.

The site will serve as the amenity’s temporary home. A spokesperson from Cash Access UK explained: “We plan to initially open the banking hub in a temporary home at the Gateway Centre while we continue to work to secure a permanent home for the hub.”

However, this week, the organisation has announced where it plans to base its permanent location.

"We are delighted to have secured a permanent home for the banking hub in Launceston which will be opening in the former Santander building at 19-21 Broad Street,” a spokesperson explained. “While the team work hard to fit out the new premises, a temporary location will be opened at The Gateway Centre in Launceston which will offer all the same services as permanent hubs.

"Once opened, customers of all major banks are able to visit any day of the week for their everyday banking transactions, and if you have a more complex enquiry for your bank, a community banker will be there to help on the day they’re in the hub. We look forward to providing positive news on the hub opening, and residents can stay up to date with our progress through our website.”