Lloyds Bank to close 8 branches next week across | U.Ok.Finance News
A serious high avenue bank has introduced plans to close dozens of branches this month – together with eight next week – in a additional blow to the high avenue.Lloyds Bank confirmed it should close 27 branches in May as a outcome of declining face-to-face transactions.Lloyds Bank and Halifax are to close 207 branches this yr. Consumer champion Which? reported that since January 2015, more than 6,300 bank and building society branches have closed, at an average of 53 each month.Lloyds Bank defined on their web site: “Most customers are now using our mobile banking app, internet banking or calling us instead. This means they are using branches less.”According to CashWeek, the closures will imply there are solely 756 Lloyds Banking Group branches left within the UK, a large change from over 2,200 areas a decade in the past.A quantity of high avenue banks have shut branches not too long ago for related causes to these given by Lloyds Bank.These embrace NatWest, which is closing 53 branches within the first half of 2025, Barclays, which can close 99 branches by the top of the yr, and Santander, which introduced plans to close 95 branches nationwide.Andrew Beverly, Campaign Director at Campaign for Cash, advised CashWeek: “It’s very disappointing that Lloyds Banking Group continue to whittle down their branch numbers, not everyone can or indeed wants to bank online, and this is doing hollowing out communities up and down the country, with the greatest impact in rural areas.”He continued: “Banking hubs, which are supposed to fill the gap left by the big banks, although laudable, are only a drop in the ocean and the rollout needs to be turbocharged to meet the in-person banking needs of people across the UK.”Anyone affected by the high avenue bank closures have been pointed in direction of “Banking Hubs”, set up to present entry to money and primary banking service for all prospects, regardless of who they bank with.Your nearest hub might be positioned right here.Lloyds branches to shut next week:
The full listing of Lloyds Bank closures in May with time limits is under:
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