Full checklist of Lloyds, Halifax and Bank of Scotland branches closing in February | UK | News | EUROtoday
The erosion of banks from the excessive avenue is about to proceed with Lloyds Bank, Halifax and Royal Bank of Scotland saying a wave of closures over the following month.
The banking giants are set to shut dozens of branches all through February as they proceed to change the way in which by which they work together with prospects.
The information will depart hundreds of consumers with no entry to bodily banking, with many branches set to shut inside a fortnight.
Data from the British Banking Association (BBA) from 1986 to 2012 and the Office for National Statistics (ONS) from 2012 to 2023 highlights that the variety of financial institution branches in operation within the UK dropped from 14,689 in 1986 to five,745 in 2023.
Money Saving Expert Martin Lewis has suggested those that are set to see their native department shut of the measures they will take to restrict the impression.
His web site stated: “As of January 2025, Lloyds, Halifax and Bank of Scotland customers can use branches across any of the three banks for everyday banking, such as making cash deposits, withdrawals and paying in cheques,” earlier than warning that there isn’t any assure that these websites won’t additionally shut.
The web site added: “Community bankers will have a dedicated office space in a local venue.
“You can chat to them in personal and so they can provide assist with account enquiries, however they do not provide money or counter providers.
“Check if a community banker is visiting your area and whether you’ll need to book an appointment on the Lloyds, Halifax and Bank of Scotland websites.”
The monetary guru additionally famous that individuals who require money withdrawals may use Post Offices to withdraw cash and make deposits.
The Financial Conduct Authority (FCA) has launched measures to restrict the impression of department closures by ensuring establishments don’t shut places with out guaranteeing entry to bodily banking providers stay in place.
But with greater than 6,000 banks and constructing societies having closed since 2015, client champion Which? has warned the nation is experiencing a “seismic shift” in banking habits.
Sam Richardson, deputy editor of Which? Money, stated: “This milestone of more than 6,000 bank branch closures in just nine years underscores the seismic shift that has taken place in terms of our banking habits and the character of the British high street.
“While some might hardly discover the closure of their native department as they seamlessly swap to on-line banking, for others reliant on face-to-face providers, the impression may be disastrous.
“It’s not about halting closures altogether, but ensuring that essential banking services remain accessible to those who still rely on them. It is crucial that the government prioritises opening more hubs quickly, so that people aren’t left behind.”
https://www.express.co.uk/news/uk/2009360/lloyds-halifax-bank-of-scotland-branches-closing-february