The village has one licensed premises: The Bankfoot Inn. The Bankoot Inn, is a restored 18th-century coaching inn, which has a public bar with real ales, a lounge bar with real fire and a restaurant. The inn hosts live music every month and also hosts a weekly "open session", in which musicians can bring along an instrument and join in. The inn also has bedrooms.
The Bankfoot Church Centre opened in October 2008 to replace the nineteenth century church building which was destroyed by fire in February 2004. The building is used every day by many groups, fitting its tag line during the build "Bankfoot Church and Community Building together".