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In a significant blow to the high street, another 24 bank branches are set to close across the country next month. This latest wave of closures will see Lloyds Bank, along with other high-street banking giants, shuttering branches from Bristol to Sheffield, according to the Express.
Barclays, NatWest, Halifax, Santander and Bank of Scotland are also among the banks included in these closures. The move will disrupt access to in-person banking for millions of customers – including some in Essex.
According to consumer champion Which?, banks and building societies have closed 6,443 branches since January 2015, averaging at 53 closures every month. Its deputy editor, Sam Richardson, described this as a ‘seismic shift’ in the operation of UK banks.
If your bank is closing, several alternatives are still available to you. For example, the Post Office allows you to perform basic banking duties, and with a nationwide network of 11,684 branches, it maintains a presence in most towns and cities.
Certain areas will also gain from mobile banking services, where a bus equipped with full bank branch facilities visits places that no longer have a physical branch. There are a couple of banks in Essex set to close in November.
The first is the Halifax branch located in Wickford. The Express reports that this is going to close on November 10. Similarly, the Lloyds branch in Loughton is set to shut in November. This branch is reportedly set to shut on November 12.
