Banks say that this has been driven by a rapid increase in online and mobile banking, and a rapid decline in the use of physical branches. In this guide, you can find out exactly what the state of play is, which banks have closed the most branches and the areas hardest hit.
And our bank branch closure checker allows you to find out which of your local branches closed recently. Banks and building societies have closed or scheduled the closure of 4, branches since January , at a rate of around 50 each month. Along with the rest of the figures in this article, this includes branches at 20 major current account providers.
Barclays is the individual bank that has reduced its network the most, with branches have closed - or scheduled to - by the end of This chart shows the actual number of branches each bank and building society has closed since To find out whether your local bank branch is closing or has recently closed, we've created a unique tool to show shutting down branches in your local authority. Simply select your bank and enter your postcode to find out which branches closed recently and which are about to be lost.
As this tool is continually being updated, it may not include branches from very recent rounds of closures. Bank branch closures reached their peak in , when sites were lost around the UK, at a rate of more than 70 a month. Similarly, some branches closed in In , the rate rate of closures slowed, although some branches still shut their doors for good.
Last year saw the lowest number of branch closures , as several banks shelved plans due to the pandemic. Barclays closed the most branches in , followed by TSB Unfortunately, it took less that three months for the number of bank closures planned for this year to outstrip those in TSB will close branches this year, while Santander is closing The chart shows the number of closures and scheduled closures at every brand between January and December In terms of volume, the South East has seen the biggest reduction in branches since , with being shuttered.
However, Scotland will be the first location across England and the devolved nations to see over half of its banks close, with the total reaching by the end of the year. Royal Bank of Scotland has closed branches in Scotland since , while Bank of Scotland has shut This chart shows bank and building society losses at a regional level from January to the end of projected.
We've also broken down the data at the level of parliamentary constituency to get an even more granular snapshot of where losses are being most keenly felt. The spokeswoman said: "We're looking at the integration of a number of branches — employees are considering these proposals and we're writing to customers. The outcome of this is we have to close branches sometimes.
She added that the threatened sites were, on average, two-and-a-half miles from another branch and Nationwide would look to redeploy as many employees as possible. It bought out the Cheshire and Derbyshire brands in after they racked up losses in the first half of that year. It acquired Dunfermline Building Society in , again following a period of losses. Want to invest in Britain's next success? Property drought keeps pushing up house prices - as three quarters of agents say EPC ratings have 'little or no' impact on how much homes are worth Previous.
Personal touch: Student Abbi Whitaker says branch access is important. Share or comment on this article: If Nationwide close our branches then we shut our accounts say customers.
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Then join the club, says MR Pick the winners in the food revolution: Earn a tasty Adam Frisby, entrepreneur founder of recently-floated Comments 29 Share what you think. View all. Face coverings are still recommended in crowded areas. We know it's a pain, but if our branch looks busy, please consider wearing a mask. And please be considerate of those people who still want to social distance. Let's continue to show each other mutual respect and understanding.
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