According to a report from the consumer group Which?, banks and building societies have closed over 6,300 high street branches at a rate of 53 per month over the last decade
Some major UK banking giants are closing a number of branches across the month of June in a blow to the British high street. 79 bank branches will close for good in June, including 16 Lloyds branches, 15 Halifax, 24 Natwest, 23 Santander, and 1 TSB.
According to a report from the consumer group Which?, banks and building societies have closed over 6,300 high street branches at a rate of 53 per month over the last decade. This represents 64% of the branches which were open back in 2015.
Which? data reveals that Natwest Group – which consists of NatWest, Royal Bank of Scotland and Ulster Bank – has closed 1,455 branches – the most of any banking group.
Lloyds Banking Group, made up of Lloyds Bank, Halifax and Bank of Scotland, has shut down 1,363 sites. Barclays is the individual bank that has reduced its network the most, with 1,236 branches now closed.
Banks say the decline in high street branches has been driven by a rapid increase in online and mobile banking, and a rapid decline in the use of physical branches.
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If your local branch is closing, you should check if a “banking hub” has opened in your area. Banking hubs are located in shared public spaces on the high street, such as libraries or community centres, for customers who need face-to-face support.
Each bank takes turns occupying the space on a different day, but you don’t necessarily need to be a customer of that particular bank to use some of the services.
Lloyds
- Southsea – June 2
- Launceston – June 3
- Liverpool – June 4
- Southampton – June 9
- Welwyn Garden City – June 11
- New Milton – June 13
- Dorchester – June 19
- Warwick – June 24
- Ashbourne – June 24
- Woodbridge – June 25
- Alcester – June 25
- Spennymoor – June 26
- Pembroke Dock – June 26
- Sheffield – June 26
- Stanley – June 26
- Tonypandy – June 30
Halifax
- Felixstowe – June 2
- London (North West) – June 2
- Gainsborough – June 2
- Kingsbury – June 2
- Horsforth – June 3
- Launceston – June 3
- Letchworth – June 3
- Leek – June 4
- Bournemouth – June 4
- Mold – June 5
- Bitterne – June 9
- Welwyn Garden City – June 11
- St Annes On Sea – June 12
- Littlehampton – June 23
- Fleetwood – June 25
NatWest
- Alfreton – June 2
- Uttoxeter – June 2
- Mexborough – June 3
- Stockport, Heaton Moor – June 3
- Stockton-on-Tees – June 4
- Ellesmere Port – June 4
- Stoke-on-Trent, Longton – June 5,
- Accrington – June 5
- Leeds, Cross Gates – June 10
- Manchester – June 11
- Bridlington – June 11
- Keighley – June 16
- Leek – June 16
- Newark-on-Trent – June 17
- Washington – June 17
- Worksop – June 18
- Stockport, Hazel Grove – June 19
- Nantwich – June 19
- Nottingham, West Bridgford – June 24
- St Annes On Sea – June 24
- Stafford – June 25
- Beverley – June 25
- Mansfield – June 26
- Garstang – June 26
Santander
- Colne – 14 June
- Clacton – 16 June
- Croydon – 16 June
- Gateshead Metro – 16 June
- Launceston – 16 June
- Peterhead – 16 June
- Louth – 17 June
- Arbroath – 17 June
- Kilburn – 17 June
- Kidderminster – 18 June
- Dungannon – 23 June
- Eltham – 23 June
- Blackwood – 23 June
- Glasgow MX – 23 June
- Glasgow LDHQ – 24 June
- Aberdare – 24 June
- Greenford – 24 June
- Magherafelt – 24 June
- Brecon – 25 June
- Fleet – 30 June
- Musselburgh – 30 June
- Portadown – 30 June
- Swadlincote – 30 June
TSB
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