A total of 636 branches of the bank They will have closed United Kingdom later this year, More than one in eight, according to an analysis published Tuesday by “Financial Times” Reflecting the increasing reduction in cash infrastructure.
According to the newspaper, which examined data provided by ATM provider Link, 424 offices have already been closed in 2023 and 42 offices are expected to be closed in 2024.
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Since 2015, the UK has lost three-fifths of its bank branch network, a trend that has continued despite the government urging banks in August to ensure customers have access to cash within a radius of less than 5km.
Deputy editor of the consumer rights magazine Which? Money, Sam Richardson, told the newspaper that closing an office does not just mean “there is less place to withdraw or deposit money locally.”
also “Makes face-to-face, in-person access to banking services difficult.”This is especially important for “customers in vulnerable situations.”
“any?” It is estimated that after the closures planned for this year, there will be little more 4,000 bank branches across the UKhaving closed 5,600 since January 2015, according to their data.
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British banks began downsizing their offices decades ago to save costs, but this has accelerated with the spread of digital alternatives and after the coronavirus pandemic.
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