Three leading high street banks, Lloyds Bank, Halifax, and Bank of Scotland, all part of Lloyds Banking Group, have announced the closure of 71 branches in the upcoming year due to the increasing trend of online banking usage. The closures were initially disclosed earlier this year.
The list consists of 40 Lloyds branches, 14 Halifax locations, and 17 Bank of Scotland sites. Customers affected by the closures have alternative options available to them.
For everyday banking needs, customers of Lloyds, Halifax, and Bank of Scotland can utilize branches across any of these three banks. Additionally, they can explore the possibility of using a “banking hub” nearby, where a bank operates in a shared public space on the high street.
A spokesperson from Lloyds Banking Group highlighted the shift in banking habits, with over 21 million customers opting for apps to manage their finances. The group aims to offer enhanced digital convenience while maintaining personalized customer service by providing access to branches, the Post Office, or banking hubs for daily transactions, along with the option to deposit cash at over 30,000 PayPoint locations.