Santander to shut 10 UK branches next week – full | U.Okay.Finance News
Santander introduced in March that it will likely be closing 95 of its branches throughout the UK as more clients are transferring to online banking. A complete of 23 banks will shut their doorways this month, with 10 closing as quickly as next week. The remaining 13 will close the next week, and in July, it’s reported that 37 more of the bank’s websites will likely be faraway from the high avenue.A press release on the bank’s web site reads: “We did a major review of our branches in 2021. Since then, many of our customers are choosing to use Mobile, Online, and Telephone Banking more, and branches less.” The closures have been met with issues for older clients preferring to do their banking in an precise department, with charity Age UK campaigning for banks to keep some banking providers in particular person, as 4 million older Brits wrestle to handle their funds online.Caroline Abrahams, charity director at Age UK, mentioned: “Physical spaces – whether a bank or building society, Banking Hub, or alternative suitable provision – must continue to exist so people can still carry out face-to-face tasks.”The disappearance of face-to-face banking dangers slicing a vital minority of the older population out of an important service, making it troublesome if not unimaginable for them to handle their money and preserve their independence.”To tackle the problem, 73 banking hubs have been set up across the nation, where customers from any bank can use in-person service.A further 35 Santander banks are scheduled to close towards the end of the year. As well as the closures, the bank will also be making changes to the branches that are remain open. Opening hours will be cut in half, and some branches will even become “counter-free”. The lowered hours will come into impact on June 30, with 36 branches impacted.Admist all closures, the bank will likely be opening work cafes to present free co-working areas and banking services to anybody, regardless of whether or not they bank with Santander.
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