The Lloyds, Halifax and Santander banks set to close in Essex

Customers are bracing themselves for a wave of closures as several major banks, including Lloyds, Halifax and Santander, have revealed plans to shut numerous branches in the coming weeks. The financial heavyweights are set to gradually phase out face-to-face services across many high streets.

6 banks across Essex and the Essex border are set to shut. Lloyds, Halifax and Santander have announced the closures for each of the Essex branches affected.

The rise of online and mobile banking apps has been cited by many banks as the reason behind these closures. However, a significant number of customers and small businesses continue to depend on their local branches for everyday needs.

Here’s a list of the upcoming bank closures, reports Plymouth Live.

Lloyds branches set to close by year-end

Loughton, November 12

Walthamstow, October 22

Halifax branches due to close by year-end

Wickford, November 10

Santander branches to close (no dates provided)

Maldon

Saffron Walden

Billericay

According to consumer watchdog Which?, over 6,400 bank and building society branches have shut their doors since 2015, averaging about 53 closures each month. Its deputy editor, Sam Richardson, described this as a ‘seismic shift’ in the operation of UK banks.

If your bank is shutting down, there are still several alternatives at your disposal. For example, the Post Office permits you to perform basic banking duties, and with a network of 11,684 branches across the country, they maintain 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.