Customers of various banks have been alerted to a rise in branch closures, with the 1,000th closure recently reported. LINK, a service that tracks closures, is urging customers to contact them if they are unaware of their nearest branch. Major banks such as NatWest, Halifax, Barclays, Lloyds, HSBC, and Santander have all closed branches recently, with a total of 81 closures so far. The closure of a Virgin Money branch highlights the shift towards digital banking and reduced in-store transactions.
The concerns follow a mutual agreement with LINK, a service which documents branch and bank closures across the UK. The service recently revealed that the 1,000th closure occurred this weekend.
A spokesperson for Virgin Money said: “The decision to close a store is never taken lightly. But as our customers continue to change the way they want to bank with us, by conducting fewer transactions in-store and adopting the convenience of digital banking, we must respond to that evolving demand. We are proactively providing enhanced, bespoke care to ensure any vulnerable customers affected are supported through the changes.
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