Four of the UK's largest banks are set to close more than a dozen branches in the coming days. Thousands of customers of Barclays, HSBC, Halifax, and Lloyds Bank will lose access to their local branch services as the banks continue to shift their focus online.
Keeping Track of Closures
LINK, the largest cash machine network in the UK, monitors and publishes data on planned branch closures across the country. The information is available to customers who want to stay informed about any upcoming closures near them.
Barclays, HSBC, Halifax, and Lloyds Closures
Barclays is set to permanently close branches in 10 different locations before the end of next week. HSBC will also shut down five branches for good in the same period. Additionally, Halifax and Lloyds Banks will each close one branch.
Impact on Customers
The closures will have a significant impact on many customers, particularly the elderly, who rely on in-person banking services. Accessing basic banking tasks such as withdrawing cash or making deposits will become more challenging for this demographic.
Alternative Options for Customers
Affected customers still have alternative ways to access basic banking services without having to travel to the next town. The Post Office's branch network, which has 11,635 locations across the UK, allows customers to perform basic banking tasks. However, new account openings, personal loans, and mortgages cannot be handled at Post Office branches.
Some banks also offer mobile banking services. These services involve a bus that brings the necessary banking facilities to local areas. Customers can call their bank to inquire about banking bus schedules and locations. Village halls or libraries may also be used as alternative locations for mobile banking services.
Banking hubs, which provide shared services, have been set up in four locations across the UK to bridge the gap caused by branch closures. Plans are in place to open dozens more hubs, and LINK has announced eight new hub locations to be established in the coming months.
List of Branch Closures
Below is a list of the 17 bank branches set to close next week:
HSBC Closures:
- 15 Cornhill, Dorchester – August 22
- Queen Street, Morley – August 22
- 2 Market Place, Wymondham – August 22
- 38 Union Street, Ryde – August 22
- 25 High Street, Windsor – August 22
Halifax and Lloyds Bank Closures:
- 24 Bridge Street, Tadcaster (Halifax) – August 22
- 23 Long Street, Wotton-Under-Edge – August 23
Barclays Closures:
- 18 High Street, Burnham-on-Crouch – August 22
- 118 High Street, Newcastle-under-Lyme – August 25
- 29/30 High Street, Windsor – August 23
- 14 Market Hill, Diss – August 23
- 27 Market Hill, Framlingham – August 25
- 30/32 Bridge Street, Worksop – August 24
- 351/359 Soho Road, Birmingham – August 24
- 18 Stony Street, Frome – August 23
- 9 The Bulwark, Brecon – August 25
- 59 Grove Street, Wilmslow – August 25
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