Barclays is the newest financial institution to announce new department closures with 14 extra areas set to shut this 12 months. That is along with the 41 closures already introduced.
Now 11 extra will shut this summer time in England, two in Wales and one in Scotland.
The financial institution insisted the closures mirrored a change in buyer habits and occurred in areas the place there was now not sufficient demand to help a department.
Barclays is not alone – almost 5,000 excessive road banks have closed or are about to shut since 2015 and 257 financial institution branches will shut for the final time this 12 months, based on UK ATM community LINK, with TSB, HSBC and Lloyds all plan closures.
Final month, HSBC introduced it could shut greater than 100 branches by 2023, citing a discount in attendance because of the pandemic. In the meantime, Lloyds will shut 26 branches in 2023.
Hundreds must take care of their cash otherwise consequently, though pensioners will probably be notably affected by the adjustments.
Practically half of over-65s must journey additional if their native department closes, and 28 per cent incur further prices, based on analysis from Age UK.
Extra of Cash
Many use web banking, however a big proportion are unable or unwilling to take action.
Widespread boundaries to digital banking for the aged embrace not having a digital machine or being unable to afford one, residing in an space with poor broadband connectivity, well being points and a lack of knowledge of how digital banking works.
“Each week we hear one other spherical of financial institution department closures, that means much more older individuals who do not wish to or cannot financial institution on-line don’t have any clear technique of managing their funds,” stated Caroline Abrahams, charity director at Age UK.
“We all know the banks are closing branches to economize, however tens of millions of aged individuals have relied on private banking their entire lives and are turning to Age UK for assist.”
Barclays stated it’s going to preserve a private presence by means of its pop-up banking websites which are reside in additional than 200 areas, situated in libraries, city halls, cellular vans and banking pods.
A spokesperson stated: “As department visits proceed to say no, we should adapt to supply one of the best service to all our prospects.
“We additionally help entry to money with our no-purchase cashback service, 24-hour ATMs and by working with the Publish Workplace and Money Entry UK.”
Checklist of newest Barclays financial institution closures
- 4 Excessive Avenue, Manningtree, England, CO11 1AF – 7 June 2023
- 6/8 Excessive Avenue, Ringwood, England, BH24 1BZ – 8 June 2023
- 58 Excessive Avenue, Newmarket, England, CB8 8NH – 9 June 2023
- 10 Bethcar Avenue, Ebbw Vale, Wales, NP23 6HQ – 9 Jun 2023
- 21 Cowgate, Kirkintilloch, Scotland, G66 1HW – Jun 9, 2023
- 10 Yorick Highway, West Mersea, Colchester, England, CO5 8HX – 13 June 2023
- 3 Beckenham Highway, Beckenham, England, BR3 4ES – 14 June 2023
- 47 Excessive Avenue, Merthyr Tydfil, Wales, CF47 8DL – 14 June 2023
- 1 Tudor Sq., West Bridgford, England, NG2 6BT – 15 June 2023
- 29 Excessive Avenue, Mildenhall, England, IP28 7EA – 14 June 2023
- 21 Excessive Avenue, Lymington, England, SO41 9YJ – 15 June 2023
- 35 Notting Hill Gate, London, England, W11 3JR – June 16, 2023
- 1 Station Highway, Knowle, England, B93 0HW – 16 June 2023
- 137 Brompton Highway, London, England, SW3 1QF – July 7, 2023
