Lloyds Banking Group is accelerating its digital transformation by shutting 136 high street branches, impacting Lloyds, Halifax, and Bank of Scotland customers. The closures are attributed to a shift towards mobile banking, with the bank offering alternative positions to affected employees.
Lloyds Banking Group is accelerating its plans to cut costs and digitise the bank by shutting 136 more high street branches. The closures will affect 61 Lloyds, 61 Halifax, and 14 Bank of Scotland branches between May this year and March 2026. This decision comes weeks after Lloyds simplified its branch network, allowing customers of its brands - Lloyds, Halifax, and Bank of Scotland - to use any of its branches for in-person banking.
Lloyds cited a shift in customer behavior towards mobile banking as the reason for the closures. The bank assured that all workers at the affected branches will be offered alternative positions within the company. A spokeswoman for Lloyds stated, 'Over 20 million customers are using our apps for on-demand access to their money and customers have more choice and flexibility than ever for their day-to-day banking.' She added, 'Alongside our apps, customers can also use telephone banking, visit a community banker or use any Halifax, Lloyds or Bank of Scotland branch, giving access to many more branches. Customers can also do their everyday banking at over 11,000 branches of the Post Office or in a Banking Hub.
BANKING BRANCH CLOSURES LOYDS BANKING GROUP DIGITAL TRANSFORMATION MOBILE BANKING
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lloyds Banking Group to Close 136 BranchesLloyds Banking Group is shutting down 136 branches across its Lloyds, Halifax, and Bank of Scotland brands, citing a shift towards mobile banking. The closures will impact 61 Lloyds, 61 Halifax, and 14 Bank of Scotland branches between May this year and March 2026. The bank assures that affected employees will be offered alternative roles.
Read more »
Lloyds to Close 136 Branches in UKLloyds Banking Group announced the closure of 136 branches across the UK, attributing the decision to the shift towards mobile banking and online services. While customers will still have access to telephone banking, community bankers, and Halifax, Lloyds, and Bank of Scotland branches, the closures raise concerns about the availability of cash services in local communities.
Read more »
Lloyds Banking Group to Allow Bank Transfers Across Brands, Sparking Fears of Branch ClosuresLloyds Banking Group announced plans to allow customers of its Halifax, Lloyds, and Bank of Scotland brands to use any branch, raising concerns about potential branch closures and job losses. Union leaders argue that the move is primarily aimed at cost-cutting, while Lloyds insists on providing greater customer convenience.
Read more »
Lloyds Banking Group to Allow Customers to Use Any Branch, Sparking Closure FearsLloyds Banking Group is allowing all customers to use any of its branches, regardless of their brand, aiming to simplify banking. This move, however, has raised concerns about potential mass branch closures and job losses.
Read more »
Lloyds Banking Group Plans to Open Up Branches to All CustomersLloyds Banking Group aims to simplify customer access to banking services by allowing all customers to use any branch in its network, regardless of their bank affiliation. This move comes amidst a trend of bank branch closures in the UK and while Lloyds also emphasizes its focus on mobile banking, concerns have been raised by trade unions about potential job losses due to further branch closures.
Read more »
Lloyds Banking Group to Simplify Branch Access for CustomersLloyds Banking Group is streamlining its banking experience by allowing customers of Lloyds, Halifax, and Bank of Scotland to access services at any branch across its brands. This move, aimed at providing easier and more adaptable banking, will take effect later this year and coincides with the closure of 55 additional branches.
Read more »