Three prominent high street banks are scheduled to shut down 71 branches next year due to the increasing trend of online banking. Lloyds Bank, Halifax, and Bank of Scotland, all part of Lloyds Banking Group, have attributed the closures to the growing preference for digital banking services. The announcement of these closures was initially made earlier this year.
The list includes 40 Lloyds branches, 14 Halifax locations, and 17 Bank of Scotland sites. Customers affected by these closures have alternative options available to them.
Affected Lloyds, Halifax, and Bank of Scotland customers can utilize branches across any of these three banks for their daily banking needs. Additionally, individuals can explore the possibility of using a “banking hub” located nearby, where a bank operates within a shared public space on the high street.
In response to the changing banking landscape, a spokesperson from Lloyds Banking Group emphasized the shift towards digital banking practices. They stated, “The way people manage their finances has evolved, with more than 21 million customers opting for apps to handle their money. We are now offering greater flexibility by combining digital convenience with personalized customer service. In addition to our app, customers can conduct their everyday banking at any Lloyds, Halifax, or Bank of Scotland branch, utilize the Post Office services, or access banking hubs, along with the option to deposit cash at over 30,000 PayPoint locations.”
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