Lloyds Bank closing 292 branches between 2024 and 2025 in blow to 'vulnerable and elderly' - list of sites
PA
Customers of Lloyds Bank will have to contend with nearly 300 bank branch closures between this year
Lloyds Banking Group has confirmed it will close 292 branches between 2024 and 2025 in a move that will cause "real concern for the vulnerable and elderly", according to analysts.
Bank branch closures have ramped up in recent years with more than 6,000 sites shutting down since 2015, based on research conducted by consumer watchdog Which?.
High street banks are under pressure to improve their provision of cash services amid these shut down downs under new Financial Conduct Authority (FCA) rules.
Multiple banks, including Lloyds, have pledged to offer services through the recently rolled out banking hubs but analysts are concerned not enough is being done.
Among the other banking groups to shut down sites in recent years include NatWest, Barclays and Santander.
The recently confirmed closures from Lloyds Banking Group will affect its Lloyds, Halifax and Bank of Scotland branches.
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Here is a full list of the Lloyds Banks closing down in 2024 and 2025:
Here is a full list of the Halifax banks closing down in 2024 and 2025:
Here is a full list of the Bank of Scotland banks shutting down in 2024 and 2025:
Alastair Douglas, the CEO of Totally Money, has sounded the alarm that certain demographics are more at risk than others as the rate of closures accelerates.
He said: “While digital is becoming increasingly popular, the real concern is for the elderly and vulnerable. They’ll be less likely to have the understanding and ability to access online services and apps, effectively locking them out of the banking system.
"And as we quickly advance towards an increasingly digital world, we must make sure that nobody is left behind. If you’re not happy with the service being provided by your bank then it’s worth looking into your options, and finding one which better suits your needs.
"Loyalty doesn’t pay, and with the Current Account Switch Service Guarantee, your payments and balance will be moved over automatically and your old account will be closed for you. So, you won’t need to worry.”
A Lloyds Banking Group spokesperson said: “Mobile banking is more popular than ever, with over 19.5 million customers choosing our app to manage, maximise and understand more about their money. Alongside our app, customers can bank online, over the phone, at a Banking Hub, a Post Office or by speaking to one of our Community Bankers.”
"All branch locations announced for closure have alternative options for accessing cash nearby, such as a Post Office, or free to use ATM. We’ll also be introducing 37 new Community Bankers, in addition to those already helping communities, to provide targeted banking support where a branch is closing."