Over 80 more bank branches at five major banks are set to close, as physical branches continue to disappear from the high street
Lloyds, Natwest, Halifax, Bank of Scotland and Royal Bank of Scotland are all set to close down physical locations, with customer preferences changing and banks also looking to cut costs.
Lloyds is closing 26 branches, Halifax is shutting nine, Natwest is ending operations at 40 locations, Royal Bank of Scotland, which is owned by Natwest, is shutting two, and Bank of Scotland is closing down four branches. These closures will begin in June and run until the end of November, and are taking place in major cities like London and Leeds, as well as smaller, more rural locations with only one bank branch.
Hundreds of bank branches are already set to shut down this year in the name of efficiency and convenience.Lloyds Banking Group, which owns both Lloyds and Halifax, has already said that 40 branches would close between April and June this year. It comes after it emerged that Barclays would close another 14 bank branches in June, taking the total this year to 28.Lloyds Bank has announced several more closures.
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