Lloyds Bank is set to begin closing nearly two dozen branches up and down the country as soon as next week.
Bank branch closures have become a normality on Britain’s high streets which has many households concerned about their access to banking services.
Here is a full list of the the bank’s sites that are confirmed to shut down from next week, according to Lloyds Banking Group:
- 14 High Street Cardigan Wales SA43 1JW – June 26, 2024
- 445 Kingsbury Road Kingsbury England NW9 9DX – July 3, 2024
- Unit 3, 20 Market Place Wokingham England RG40 1AP – July 8, 202
- 58 Ock Street Abingdon England OX14 5AP – July 24, 2024
- 13 St Thomas Centre Exeter England EX4 1DF – August 5, 2024
- L7 Church Street Clitheroe England BB7 2DD – August 7, 2024
- 210 Commercial Road London England E1 2JR – August 6, 2024
- 2 Silver Street Ilminster England TA19 0DL – August 14, 2024
- Church Street Malpas England SY14 8NX – August 20, 2024
- 4 Three Tuns Parade, Stafford Road Wolverhampton England WV10 6BA – September 11, 2024
- 125 High Street Marlborough England SN8 1LU – November 25, 2024
- 50 High Street Ross-on-Wye England HR9 5HJ – December 2, 2024
- 13-14 Cornmarket Thame England OX9 2BN – December 2, 2024
- 6 Chesterton Place, Chester Road Newquay England TR7 2RU – December 4, 2024
- 40 The Square Market Harborough England LE16 7PA – December 4, 2024
- 44 St Peters Avenue Cleethorpes England DN35 8HL – December 5, 2024
- 63-67 Newland Avenue Hull England HU5 3BG – December 14, 2025
- 75 Cheap Street Sherborne England DT9 3BD – January 16, 2025
- 24 Bondgate Within Alnwick England NE66 1TD – January 15, 2025
- 139-141 Barnsley Road South Elmsall England WF9 2AA – January 16, 2025
- 55 Market Place Wetherby England LS22 6LN – January 13, 2025.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
Bank branch closures are continuing at an 'alarming rate', according to Which?GETTY As part of the wider banking group, Lloyds is set to close multiple Halifax and Bank of Scotland closures over the next year.
Earlier this year, consumer champion Which? warned that the current trend of banks shutting down could leave three millions Britons “cashless”.
Last month, the number of bank and building society branch closures in the UK since 2015 exceeded 6,000.
A recent report based on House of Library research found that people from rural communities, individuals with disabilities and pensioners are most adversely affected.
Bosses of high street banks and building societies claim recent closures are in response to changing customer behaviour.
Jenny Ross, Which’s Money Editor, notes that sites shutting down have wider consequences that need to be addressed.
She said: “While it’s true that many consumers are making the switch to online banking, it would be wrong to assume that this means physical branches are no longer required or wanted by the millions of consumers who use cash every day, and rely on it to manage increasingly tight household budgets during the cost-of-living crisis.
“Our figures show that bank branches and free-to-use ATMs have been closing at an alarming rate in recent years, with a very real risk of leaving some of society’s most vulnerable, including the elderly, excluded from accessing essential banking services.”
One of the solutions put forward to address the issues raised from branch closures are community banking hubs.
These are reserved spaces in areas without branches where major banks can provide services to customers.
LATEST DEVELOPMENTS:
High streets have been hit by a wave of store closures since the pandemic, on top of banks shutting down
PAThis week, the Labour Party pledged to create 350 new banking hubs if it wins the upcoming General Election on July 4.
John Howells, Link’s chief executive, said: “Link has already recommended 132 banking hubs right across the UK and they are proving a very popular way of providing access to cash and basic banking for consumers and businesses who need to use a high street branch.
“I’m expecting many more to open over the coming years to protect access to cash and provide a welcome boost to high streets across the country.”
Angela Rayner, Labour’s deputy leader and shadow housing secretary, added: “With our plan to bring banking back to the high street, replace business rates and cut energy bills for good, we will breathe new life back into Britain’s high streets.”
