Santander to shut 14 bank branches this month – | U.Okay.Finance News
Santander is one of a quantity of banks shutting branches over the summer season. Fourteen of the bank’s retailers are due to close in cities and cities throughout the nation in August.The shift to online banking has been blamed for the closures by banks together with NatWest, Lloyds and Halifax. Santander introduced in March that it was to close 95 branches, scale back hours at 36 others and take away entrance counters from 18.The branches closing this month, in alphabetical order of location, are:Blyth, Northumberland – August 5Brixton, London – August 11Canvey Island, Essex – August 5Downpatrick, County Down – August 6Edgware Road, St. John’s Wood, London – August 12Finchley, London – August 6Formby, Merseyside – August 11Holywell, Clwyd – August 12Plympton, Devon – August 14Rustington, West Sussex – August 5Sidcup, Kent – August 11Whitley Bay, Tyne & Wear – August 6Willerby, Willerby Shopping Park, North Humberside – August 13Wimborne, Dorset – August 4Santander has stated beforehand that it has seen a “rapid” shift of clients from High Streets to digital banking.A spokesperson for the bank stated in spring: “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.”Research printed by the patron group Which? in 2024 confirmed practically 6,000 bank branches closed over the past decade.MPs have raised issues concerning the influence of closures, particularly on rural communities the place web connections will be patchy. Access to money is one other concern raised by parliamentarians.There are additionally issues about some older people who battle to use online banking companies or have doubts about how secure their accounts could be.The Government has introduced plans to enhance the quantity of banking hubs to 350 over the following 5 years.
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