Santander, Lloyds, Halifax, and NatWest closing 19 | U.Okay.Finance News
Dozens more bank branches are set to close throughout the UK subsequent month as prospects more and more transfer in the direction of online banking. NatWest, Lloyds, Halifax and Santander have introduced a raft of closures between them, with 77 set to close throughout the 4 banking giants. 19 of the closures might be happening subsequent week, with Halifax shutting 9, NatWest closing eight, and Lloyds shutting two.It comes amid a main shift online as banks throughout the nation scale back their brick-and-mortar offering to prioritise their online companies.Many more might be serving prospects for the ultimate time subsequent month. Read on to seek out out in case your department is affected.Halifax is set to drag down the shutters on 14 more branches subsequent month, following a raft of closures in recent times.The following websites might be closing for good subsequent month:
Halifax is owned by Lloyds Banking Group together with Lloyds and Bank of Scotland, that are additionally closing numerous branches this yr.A spokesperson for the group beforehand mentioned: “Over 20 million customers are using our apps for on-demand access to their money, and customers have more choice and flexibility than ever for their day-to-day banking.”Alongside our apps, prospects may also use phone banking, go to a group banker or use any Halifax, Lloyds or Bank of Scotland department, giving entry to many more branches.”Customers can also do their everyday banking at over 11,000 branches of the Post Office or in a Banking Hub.”25 NatWest branches look set to close in June too, with 53 closing in whole throughout this yr as its prospects transfer online.It additionally shut 48 in 2024 and 30 the yr earlier than that, and has closed more than 1,400 since 2015.The bank beforehand mentioned that their prospects “are using digital banking more than ever before – over 80% of our active current account holders now use our digital services and over 97 per cent of retail accounts with us are now opened online”.“Like any business, we strive to meet our customers’ changing needs and expectations and we’ve been responding to the industry-wide shift towards digital services by investing to broaden what customers can do themselves and to offer them greater personalisation.“We are also significantly investing in refreshing our network – we expect to invest in excess of £20m in our network across the UK in 2025 to improve customer service, enhance the look and feel of our branches, and reduce the environmental impact of our buildings, as well as continuing to invest in shared solutions like the Post Office and Banking Hubs.”The following branches are slated to close in June:
Santander are closing 95 branches this yr from June, together with 24 branches subsequent month.Dozens of different websites may also transfer to decreased hours this yr, whereas 18 branches will go counter-free as half of nationwide adjustments.Santander beforehand mentioned the transfer is pushed by altering buyer behaviours, with digital transactions rising by 63% since 2019, and department transactions dropping by 61%.A spokesperson for the bank informed Metro.co.uk: “Closing a branch is always a very difficult decision and we spend a great deal of time assessing where and when we do this and how to minimise the impact it may have on our customers.”However, we consider that the introduction of our new Community Bankers and the thrilling plans now we have for our remaining community of 349 branches and Work Cafés, alongside the fast and progressive enhancements to our award-winning cellular banking app, will present the precise stability of digital banking and human interplay when required.”Branches closing in June:
Lloyds is set for 15 closures next month as a part of the wider shift in high street banking, as per GB News.
Bank of Scotland, which is also owned by Lloyds Banking Group are also closing the following branches next month:
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