UK Banks Scale Down Physical Presence with 2026 Branch Closures

Lloyds, Halifax, and NatWest are closing many UK bank branches in 2026. This is because more people bank online. Find out why and what to do.

#BankClosures, #UKBanking, #DigitalBanking, #LloydsBank, #Halifax

https://newsletter.tf/uk-banks-branch-closures-2026/

Big banks like Lloyds, Halifax, and NatWest will close many of their physical branches in 2026. This is happening because more people are using online banking and apps. The banks say they are changing to fit how people want to bank today. They will offer other ways to get help.

#BankClosures, #UKBanking, #DigitalBanking, #LloydsBank, #Halifax

https://newsletter.tf/uk-banks-branch-closures-2026/

Bendigo Bank to close 28 agencies around the country

Bendigo Bank has announced that it will be shutting down its agency model, which allowed customers to access…
#NewsBeep #News #Headlines #agencymodelbanking #alpineshirecouncil #AU #Australia #bankclosures #bendigobankclosures #communitymeetingoverBendigobankclosure #electronicbanking #postofficebanking #ruraltowns
https://www.newsbeep.com/16883/

Barclays says that its two bank branches at Tottenham Court Road will both be permanently closing down this year.

A notice in the window of the bank at 154-155 Tottenham Court Road says the branch will be closing at 12pm on Friday 10 May 2024.

This closure will be followed by the other branch at 15-17 Tottenham Court Road which is due to permanently close at 12pm on Friday 1 November 2024.

Notices in the windows of both branches are directing customers to use the 15-17 Great Portland Street branch after that date.

Barclays says that when the branches opened “visiting us in person was one of the only ways to do your banking”.

In a statement giving reasons for the closures the bank says “we’re seeing many customers choosing to bank using our app, and online or telephone banking. This has had a big impact on the number of customers coming in to see us”.

According to the bank, 96 percent of its customers at both the branches also use online or telephone banking. It said less than 10 customers use the 154-155 Tottenham Court Road branch regularly as the only way to do their banking, and that less than 40 customers use the 15-17 Tottenham Court Road branch.

The consumer website Money Saving Expert reported last month that “Barclays will shut at least another 99 bank branches throughout 2024 and 2025 after announcing 22 more closures. This is in addition to the 177 branches it closed in 2023.”

After the closures Barclays will be the only one of the “big four banks” not to have a single branch on Tottenham Court Road.

https://fitzrovianews.com/2024/03/14/barclays-to-close-both-its-tottenham-court-road-bank-branches/

#bankClosures #banking #banks #BarclaysBank #TottenhamCourtRoad

We cannot allow our communities to become banking deserts

https://www.devonlive.com/news/news-opinion/cannot-allow-communities-become-banking-8325822

#Devon #Axminster #Sidmouth #Honiton #Banking #BankClosures #Community #CommunityBankingHubs #BankingHubs #ProfitBeforePeople #PeopleBeforeProfit

Unlike other banks, #HSBC branches look more like a video arcade. No desks & no cashiers. Just a space accommodating big black computer boxes with a figure waiting to provide help. Most impersonal atmosphere I've witnessed.

https://www.theguardian.com/business/2022/nov/30/hsbc-shut-114-branches-customers-bank-online

#BankClosures