Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Banks close 2,900 branches in three years, says Which?

About 60 Bank Branches are closing every month with RBS shutting the most, consumer group Which? has warned.

It found that 2,868 branches will have closed between 2015 and the end of 2018, with the number accelerating this year.

It called the trend "alarming" and said many people were left without proper access to services.

But banks said their branches were losing customers as more people banked online.

bank closure by banking group

According to Which?, the worst offenders are:
  • RBS, which will close 350 of its own branches in 2015-2018, as well as 638 NatWest branches and 35 Ulster Bank branches
  • Lloyds, which is closing 366 of its own branches, 87 Bank of Scotland branches and 55 Halifax branches
  • And HSBC, which will close 440.
By region, Which? said Scotland had been worst hit, with 368 branches due to have shut by the end of 2018.

That was followed by the South East (361), the North West (353) and South West (327)

bank closure by region

BBC       News.

This post first appeared on Quest Times, please read the originial post: here

Share the post

Banks close 2,900 branches in three years, says Which?


Subscribe to Quest Times

Get updates delivered right to your inbox!

Thank you for your subscription