HUNDREDS of bank and building society branches have closed in 2023 and more are coming within days.
Figures from UK Parliament show the number of bank branches in the UK roughly halved from 1986 to 2014.
The trend has continued in recent years as consumers increasingly turn to online banking and away from physical branches.
Hundreds of bank branches have closed already in 2023 with a number to follow within days, according to data from LINK.
Here is the full list:
- HSBC, Settle – September 5
- HSBC, Epworth – September 5
- HSBC, Holsworthy – September 5
- HSBC, Hythe – September 5
- Santander, Midsummer Place, Milton Keynes – September 6
- Santander, Grafton Gate East, Milton Keynes – September 6
- Barclays, Finchley Road, London – September 6
- Barclays, Harpenden – September 6
- Barclays, St Ives – September 8
- Barclays, St Andrews – September 8
- Barclays, Haverhill – September 8
It comes as a number of banks are set to close their branch doors for the final time this month.
Barclays, Lloyds and Halifax are among those impacted across locations such as London, Suffolk and Newcastle.
Meanwhile, Barclays pulled down the shutters on four of its banks for the final time on September 1.
It has already announced more nearly 70 closures this year.
What you can do if your local branch closes
While the vast majority of banking customers are moving online, branches closing can leave some in the dark.
Many elderly people, particularly those in rural areas, rely on physical branches to carry out day-to-day tasks.
However, if you’ve been left stuck by a recent bank branch closure in your local area, you have some options.
You can carry out most basic banking tasks at the Post Office.
You won’t be able to apply for a loan or open a new bank account at one though.
Many banks offer a mobile banking service – where your bank brings a bus to your area offering services you can usually get at your bank.
You should get in touch with your bank who will be able to tell you if they offer such a service and when it is next in your area.
Other banks use buildings such as village halls or libraries to offer mobile banking services.
Again, contact your bank to see what they might be able to do for you.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected].
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