Lloyds Bank, Halifax, and Bank of Scotland have announced new plans to close 49 more branches, in another blow to the high street.
The move forms part of a wider industry trend as more customers shift to online banking services. According to consumer group Which?, more than 6,300 bank and building society branches have closed since January 2015, equating to 53 closures on average every month. The dates for Lloyds Banking Group’s new branch closures are yet to be determined, but here is the full list of locations:
Bank of Scotland branch closures
- Bellshill 207 Main Street, Bellshill ML4 1AL
- Castle Douglas 192 King Street, Castle Douglas DG7 1DB
- Dingwall High Street, Dingwall IV15 9HL
- Erskine – Bridgewater 8 Bridgewater Shopping Centre, Erskine PA8 7AA
- Gairloch Bank Brae, Gairloch IV21 2BE
- Glasgow – Anniesland 836 Crow Road, Glasgow G13 1ET
- Grangemouth 24 La Porte Precinct, Grangemouth FK3 8AS
- Hawick 7 High Street, Hawick TD9 9BZ
- Largs 32 Main Street, Largs KA30 8AD
- Larkhall 39 Union Street, Larkhall ML9 1DT
- Nairn 73 High Street, Nairn IV12 4BS
- St Andrews 1 Queens Gardens, St. Andrews KY16 9TD
- Tain Tower Street, Tain IV19 1DY
- Yeovil King George Street, Yeovil BA20 1PT.
For those who still need access to in-person services, customers who are losing their local branch can access any branches within Lloyds Banking Group. Customers can also visit the Post Office, which also offers banking services such as cash deposits and withdrawals, balance enquiries, and cheque deposits.
Additionally, hundreds of ‘Banking Hubs’ have been launched to give more customers access to cash and services regardless of their bank. People can find their closest location here.
Following Lloyds Banking Group’s announcement, cash access network Link has recommended 11 more locations for these hubs to launch.
John Howells, chief executive of Link, said: « Banking hubs continue to provide a key service on the high street and we’re delighted to announce these new locations. Millions still rely on cash day in, day out, and we’re committed to keeping cash on the high street. »
The 11 new locations across the UK earmarked for a banking hub are:
- Buxton, Derbyshire
- Camborne, Cornwall
- Chepstow, Monmouthshire
- Deal, Kent
- Gorseinon, Swansea
- Grangemouth, Falkirk
- Harborne, West Midlands
- Hawick, Roxburghshire
- Ryde, Isle of Wight
- Stamford, Lincolnshire
- Totton, Hampshire
