The firm says 255 workers will be at risk of redundancy at the 39 stores due for closure.
Virgin Money will close 39 of its UK banks as fewer people use bricks and mortar branches and move to online banking, the firm said.The Unite union said "access to a bank and cash is a fundamental need" for local High Streets.
Virgin Money said the closures amount to a third of its banks and 255 workers will be at risk of redundancy. Chief operating officer Sarah Wilkinson said the firm would "pursue all options" to retain as many staff as possible within alternative roles. The banks that will close are: Belfast, Croydon, Harrow, Newton Stewart, Bournemouth, Derby, Hexham, Norwich, Brighton, Durham, Irvine, Oxford, Bristol, Ellon, Kendal, Reading, Bromley, Enfield, Kensington, Southampton, Cambridge, Exeter, Kingston, St Albans, Cardiff, Fort William, Liverpool, Swindon, Chelmsford, Golders Green, Lochgilphead, Turriff, Cheltenham, Gosforth Centre, London Haymarket, Wolverhampton, Chester, Guildford and Milton Keynes.
"The number of customers using bank branches for day-to-day transactions has been on a downward trajectory for a number of years," Virgin Money said. It added that the branches closing had seen a reduction of 43% in customer transaction volumes."Each store closing is less than half a mile from the nearest Post Office, which customers can use to carry out day‐to-day transactions," Virgin Money said.
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