Our interactive map can show you the banks near you that are closing
During March, across the UK the closure of 47 branches of NatWest, 22 branches of Halifax, and 21 Lloyds were announced. Bank of Scotland also said it was shutting 10 branches, and RBS one branch. That adds up to 101 bank closures announced during the month - and they come on top of more than 200 closures already announced for this year.
Announcing the closures on its website, NatWest said: “Banking has changed dramatically in recent years, with an increased demand for mobile and online services, as our customers benefit from a faster and easier way to bank. Closing a branch is a decision we take very seriously.“We know it can affect those less confident with alternatives we offer. We'll always work hard to guide and support you through the changes and find the best way to serve you from now on.
The LINK initiative to assess the impact of closures - which was agreed by all the major banks including Barclays, HSBC, Natwest, Lloyds, and Halifax - was set up to ensure vulnerable customers and small businesses were not left behind in the switch to cashless payments and virtual banking. Research carried out by the charity found that four million older people with a bank account do not manage their finances online and are “at a high risk of digital exclusion”. Charity director Caroline Abrahams added: “The disappearance of face-to-face banking risks cutting a significant minority of the older population out of an essential service, making it difficult if not impossible for them to manage their money and maintain their independence.
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