The 45 bank branches closing in January including in London, Liverpool and Birmingham

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The 45 bank branches closing in January including in London, Liverpool and Birmingham
Author: Sara Benwell
Published: Dec, 27 2024 08:05

NEXT year already spells bad news for Brits as hundreds of bank branches are expected to close. In fact, 45 branches are planned for closure in January alone, according to data from Link, which tracks branch closures. Banks and building societies have shut up shop on 6,214 since January 2015, with around 53 typically closing each month, according to research carried out by consumer champion Which?.

 [45 branches will close in January as banks push customers online]
Image Credit: The Sun [45 branches will close in January as banks push customers online]

And next year looks to be no different, with plenty of closures already scheduled in. For instance, Lloyds Banking Group plans to close 55 branches between January and September 2025, affecting 19 Lloyds branches, 4 Bank of Scotland branches, and 32 Halifax branches.

Which?’s research says that the NatWest group is the biggest offender for shutting down its branches, with 1,428 closing since 2015. Barclays is the individual bank that has shut the most, with 1,228 closed to date. It found that the South-East has been the hardest hit region so far, followed by London, Scotland, and the North West.

Even more concerning, Which? Found that there are 30 constituencies in the UK that now don’t have access to a single bank branch, including Liverpool Wavertree, North East Derbyshire, and Reading West and Mid-Berkshire. Thanks to pressure from campaigners, including Link, some banks have agreed to create voluntary banking hubs, giving customers access to some face-to-face banking services.

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