Lloyds and Halifax to close another 66 bank branches – see full list of latest closures | Personal Finance | Finance

The bank is to axe 48 Lloyds Bank branches and 18 Halifax outlets, between October 2022 and February 2023. The closures will include branches across England, Northern Ireland, and Wales, in the fourth swathe of closures in recent months.

By early next year, customers will lose access to 133 Lloyds Bank branches, 50 Halifax outlets, and 19 Bank of Scotland branches.

Russell Galley, director of consumer relationships at Lloyds Banking Group, said: “Our customers have more choice than ever in how they bank with us.

“As our customers do more online, visits to some branches have fallen by as much as 85 percent over the last five years.

“Alongside our digital, online and telephone services, we’ll continue to invest in our branches, but they need to be in the right places, where they’re well-used.”

Lloyds previously announced that 28 outlets would close between August and November this year, while a further 60 sites are to shut between June and September.

READ MORE: Smart meter alert: Engineer shares ‘basic’ ways you can save £40 a month on energy bills

Customers are switching to online banking to manage their money rather than visiting their local branch in person.

Despite the continuing closures, bank branches remain an important facility for UK towns and cities.

Data from the Post Office data has found that around £110million more cash was withdrawn by UK businesses and individuals in June 2022 than in June 2021.

The research found that people aged 65 and over rely more on cash than any other age group.

David Beard, founder and CEO of comparison site Lendingexpert.co.uk, urged banks and building societies to maintain good customer service despite the closures.

Leave a Comment

Your email address will not be published.