Santander, NatWest, Lloyds and Halifax closing 62 branches in June | UK | News | EUROtoday

Some main UK banking giants are closing quite a few branches this month because the rise of on-line banking continues to take its toll on the excessive road. In the most recent blow to UK city centres Santender, NatWest, Lloyds and Halifax will shut an additional 62 shops this month.

Lloyds Bank and Halifax will collectively shut 14 branches throughout the UK in June as a part of a significant restructuring scheme in response to declining footfall. Also among the many closures are 25 NatWest websites and 23 Santander branches. The resolution displays a broader pattern throughout the banking sector the place increasingly more prospects go for on-line banking inflicting a decline in footfall at bodily branches.

To justify their closures Lloyd Banking Group identified that over-the-counter transactions had fallen by 48% over the past 5 years leading to retailer closures.

A spokesperson for the group, which is about to have solely 756 branches after the most recent spherical of closures, a drop from over 2,000 a decade in the past, mentioned: “Most customers are now using our mobile banking app, internet banking or calling us instead. This means they are using branches less.”

Halifax will shut 9 financial institution branches between right now, June 2 and June 5, marking the most recent section within the financial institution’s ongoing evaluate of its department community. Meanwhile, six NatWest websites will pull their shutters down for good this week.

A Halifax spokesman mentioned: “Over 20 million customers are using our apps for on-demand access to their money, and customers have more choice and flexibility than ever for their day-to-day banking.”

The string of closures have an effect on branches throughout the UK together with: south Wales, Devon, Manchester, south London and Scotland.

Full checklist of Santender, NatWest, Lloyds and Halifax branches closing this month:

Lloyds

• Dorchester – June 19
• Pembroke Dock – June 26
• Welwyn Garden City – June 11

Halifax

• Felixstowe – June 2
• Fleetwood – June 25
• Gainsborough – June 2
• Horsforth – June 3
• Kingsbury – June 2
• Launceston – June 3
• Leek – June 4
• Letchworth – June 3
• Mold – June 5
• St Annes – June 12
• Welwyn Garden City – June 11