THE Bank of Scotland has announced that its Cowdenbeath branch is to close.

Doors are scheduled to shut at the High Street facility on June 24, 2025 with the provision of a banking hub planned for the area to allow customers to continue to carry out their everyday banking.

The bank says the announcement follows an assessment of how customers are managing their money and using the branch.

"Most customers are now using our Mobile Banking app, Internet Banking or calling us instead," they stated.

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"This means they are using branches, including our Cowdenbeath branch much less.

"Because of this, we'll be closing our Cowdenbeath branch."

With no more branches in the town – the closest ones will be in Dunfermline or Kirkcaldy – BoS say a banking hub will be brought into operation.

"Banking Hubs are shared banking spaces on the high street operated by the Post Office," a statement explained. "They are open Monday to Friday.

"Customers of all major banks and building societies can use them to do their everyday banking tasks.

"Our Community Banker will be at the Banking Hub one day a week, so you can come in and do your banking in person. We'll update our website with the hub address, opening times and when our Community Banker will be there, when this information becomes available."

Figures released by the Bank of Scotland have revealed that the Cowdenbeath branch currently has 857 regular personal account customers.

From these, two per cent are under 18, 16 per cent are aged 18-34, 30 per cent are 35 to 54, 35 per cent are 55 to 74 and 17 per cent are over 75.

A total of 94 per cent of people using the branch are personal customers with the remaining six per cent business customers.

In 2024, there were 48 per cent less personal customer transactions at the branch compared to in 2019 while business customer transactions fell by 38 per cent in the same period.