Six bank branches around Greater Manchester are set to close this year with some being the last branches available in their respective areas. Around 250 banks are set to close, or have already shut, as financial services continue to be stripped away from UK high streets.
Twelve major banks alone closed in January with 38 more scheduled to shut by the end of this month.
It has also been announced a 15 further banks will close in 2025. The closure of 89 branches will leave some communities without an alternative branch and it suspected this trend will continue.
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The banks closing in Greater Manchester:
Barclays:
Lloyds Bank:
- 453 Wilmslow Road, Withington on the 8th January 2024
- 22 King Street, Stretford on the 12th March 2024
Natwest:
- 20 Melbourne Street, Stalybridge on the 8th July 2024
- 27 Lee Lane, Horwich with closure date to be confirmed
Both Natwest branches and the Lloyds Withington branch are the last branches in their local areas. When communities will be left with no local banks, banking hubs or free ATMs are set to fill the gap.
Since February 2022 the major banking groups made a voluntary agreement, committing to assessing the impact of every closure. Since the agreement 1,325 banks have either shut or announced their intention close. On average, that is 55 closures announced every month or almost two per day.
The wave of bank closures has affected every part of the UK with 1,107 lost in England alone. 92 have closed in Scotland, 83 in Wales plus another 42 in Northern Ireland plus one on the Isle of Wight.
HSBC has pledged not to shut any branches in 2024 while Nationwide has pledged no branches will shut until 2026 at least.
