Major bank to shut 16 branches across the UK in January starting in DAYS- is your local affected?
A MAJOR bank has announced it will begin shutting down 16 of its UK branches this month.
The closure comes as customers continue to reduce the need to do their banking in person, instead choosing to interact with the bank online.
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The financial services group will also be closing some Halifax and Bank of Scotland branchesCredit: Alamy Stock Photo
Lloyds Banking Group has announced it will close over a dozen branches in January as well as an additional 55 locations by the end of 2026.
A spokesperson for Lloyds Banking Group previously stated: “The way people are banking has changed, with over 21 million customers choosing apps to manage their money.
“We’re providing more choice than ever before, bringing together the best in digital convenience with our people.
“Alongside our app, our customers can use any Lloyds, Halifax or Bank of Scotland branch, the Post Office or banking hubs for their everyday banking, and deposit cash at over 30,000 PayPoint locations.”
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Lloyds Bank is not the only bank from the group to begin closing its branches.
It announced it will be closing 12 of its Halifax branches as well as 16 of its Bank of Scotland branches.
Before the new year, other bank branches shut their doors for good with NatWest closing six of it branches and Santander four of its.
The closing down of banks on highstreets has been a common trend over the past decade.
Since January 2015, 6,626 banks and building societies across the UK have been closed, according to the consumer group Which?.
List of Lyods Bank branches closing
- Alfreton – January 1
- Ammanford – January 12
- Bideford – January 13
- Chester-le-Street – January 14
- Fleet – January 13
- Havant – January 1
- Hedge End – January 21
- Hedon – January 28
- Ivybridge – January 14
- Lewes – January 19
- Mitcham – January 8
- New Addington – January 1
- Penzance – January 21
- Petersfield – January 21
- Swadlincote – January 20
- Totnes – January 8
What to do if your local bank is set to close
Despite no longer having a bank on your high street, there are still a number of ways people can access basic banking services without having to venture to another town with a branch.
New super ATMs are being rolled out across the UK where branch closures have left residents unable to access essential banking services.
These ATMs will allow customers to withdraw funds, access their balance, change PIN numbers and deposit cash.
You can also use one of the Post Office’s 11,684 branches to perform basic banking tasks — but not to open new bank accounts or take personal loans and mortgages.
You can find your nearest Post Office branch by visiting postoffice.co.uk/branch-finder.
Many banks also offer a mobile banking service – where they bring a bus to your area offering services you can usually get at a physical branch.
Other banks use buildings such as village halls or libraries to offer mobile banking services.
It’s worth contacting your bank to see what mobile services they have available, and when they might next be in your area.
Branch closures are due to customers not needing to do their banking in person
