New research reveals that 48 banks have closed in Northern Ireland since 2022, adding to the 1,822 bank branches nationwide that have shut down or are scheduled to close since February 2022. The closures, driven by the shift to cashless payments and online banking, are leaving communities without local banking services.
A total of 48 banks have closed in Northern Ireland since 2022, new research shows. It comes as 1,822 bank branches have shut or announced their intention to close since February 2022, when a voluntary agreement saw the major banking groups commit to assessing the impact of every closure.
When closures leave communities without any local bank, banking hubs or free ATMs are set up to fill the gap. “Age UK is calling for the protection of physical banking services for those who do not, or cannot bank online, and for the accelerated roll-out of shared banking hubs in areas where bank branches are fast withering away. We applaud the banks for coming together to set up shared hubs, but it's important that alternative services are set up speedily, especially in those areas with the greatest need.
BANK CLOSURES NORTHERN IRELAND FINANCIAL SERVICES CASHLESS PAYMENTS DIGITAL EXCLUTION
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