Lloyds Bank will start closing almost 20 branches across the country next week.
Bank branch closures have become a common sight on the British high street, leaving many households concerned about their access to banking services.
Here is a full list of the bank’s sites confirmed to close from next week, according to Lloyds Banking Group:
- 14 High Street Cardigan Wales SA43 1JW – June 26, 2024
- 445 Kingsbury Road Kingsbury England NW9 9DX – July 3, 2024
- Unit 3, 20 Market Place Wokingham England RG40 1AP – July 8, 202
- 58 Ock Street Abingdon England OX14 5AP – July 24, 2024
- 13 St Thomas Center Exeter England EX4 1DF – August 5, 2024
- L7 Church Street Clitheroe England BB7 2DD – August 7, 2024
- 210 Commercial Road London England E1 2JR – August 6, 2024
- 2 Silver Street Ilminster England TA19 0DL – August 14, 2024
- Church Street Malpas England SY14 8NX – August 20, 2024
- 4 Three Tuns Parade, Stafford Road Wolverhampton England WV10 6BA – September 11, 2024
- 125 High Street Marlborough England SN8 1LU – November 25, 2024
- 50 High Street Ross-on-Wye England HR9 5HJ – December 2, 2024
- 13-14 Cornmarket Thame England OX9 2BN – December 2, 2024
- 6 Chesterton Place, Chester Road Newquay England TR7 2RU – December 4, 2024
- 40 The Square Market Harborough England LE16 7PA – December 4, 2024
- 44 St Peters Avenue Cleethorpes England DN35 8HL – December 5, 2024
- 63-67 Newland Avenue Hull England HU5 3BG – December 14, 2025
- 75 Cheap Street Sherborne England DT9 3BD – January 16, 2025
- 24 Bondgate within Alnwick, England NE66 1TD – January 15, 2025
- 139-141 Barnsley Road South Elmsall England WF9 2AA – January 16, 2025
- 55 Market Place Wetherby England LS22 6LN – January 13, 2025.
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As part of the wider banking group, Lloyds will close multiple Halifax and Bank of Scotland closures in the coming year.
Earlier this year, consumer champion Which? warned that the current trend of bank closures could leave three million Britons ‘cashless’.
Last month, the number of bank and building society closures in Britain since 2015 exceeded 6,000.
A recent report based on research by House of Library shows that people from rural communities, persons with disabilities and retirees are the worst affected.
Bosses at major banks and building societies claim the recent closures are a response to changing customer behaviour.
Jenny Ross, Which’s Money Editor, notes that site closures have wider implications that need to be addressed.
She said: “While it is true that many consumers are making the switch to online banking, it would be wrong to assume that this means physical branches are no longer needed or desired by the millions of consumers who use and rely on cash every day . to manage increasingly tight household budgets during the cost of living crisis.
“Our figures show that bank branches and free-to-use ATMs have been closing at an alarming rate in recent years, with a very real risk of some of the most vulnerable in society, including the elderly, being excluded from access to essential banking services.”
One of the solutions being put forward to address the issues arising from branch closures are community banking hubs.
These are reserved areas in areas without branches where major banks can provide services to customers.
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The high street has been hit by a wave of store closures since the pandemic, in addition to bank closures
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This week the Labor Party pledged to create 350 new banking centers if it wins the upcoming July 4 general election.
John Howells, CEO of Link, said: “Link has already recommended 132 banking centers across the UK and these are proving to be a very popular way of providing access to cash and basic banking for consumers and businesses who need to use a branch in the main street.
“I expect many more to open in the coming years to protect access to cash and provide a welcome boost to high streets across the country.”
Angela Rayner, Labor Deputy Leader and Shadow Secretary of State for Housing, added: “With our plan to bring banking back to the high street, replace business rates and cut energy bills for good, we will breathe new life into Britain’s high streets to breathe in.”