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More than 100 bank branches set for closure already in 2023 as Barclays announces 15 more

by: Paloma Kubiak
  • 30/01/2023
  • 0
More than 100 bank branches set for closure already in 2023 as Barclays announces 15 more
Within just a fortnight, more than 100 bank branch closures have been announced by major lenders.

Between 13 and 27 January 2023, a total of 103 bank branches have been earmarked for closure.

Barclays is the latest to announce a series of closures – affecting 15 branches – on top of the 15 Barclays already announced a couple of weeks’ ago.

Earlier, NatWest confirmed 23 branches were set to go, while Lloyds and Halifax, both part of the Lloyds Group, announced 40 branch closures.

Elsewhere, TSB confirmed it would shutter nine branches in May 2023.

Overall, in just two weeks, more than 100 branches have been earmarked to go, after more than 600 branch closures were announced in 2022.

A Barclays spokesperson, said: “Our customers’ behaviour has changed significantly in recent years, with the majority choosing online banking. As we adapt, we are closing less well used branches whilst investing in brilliant customer service and digital technology.

“We are maintaining our community presence with alternative options for customers who still require in-person support. This includes our network of Barclays Local sites in libraries and community centres, bank pods and mobile vans, our cashback without purchase service, Shared Banking Hubs and everyday banking at the Post Office.”

Jenny Ross from the consumer group Which?, said: “While many consumers have embraced digital banking, there are still millions, including the elderly, vulnerable and isolated, who aren’t yet ready or willing to make that switch – and they must be protected.

“The government must guarantee minimum levels of access without fees being charged and give the Financial Conduct Authority powers to oversee the cash system to ensure it meets community needs.”

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