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In the 10 years between 2012 and 2022, the number of bank branches in the UK fell by 44% (5,050 branches), according to Office for National Statistics (ONS) data. Meanwhile, the number of building society branches fell by 12% (235 branches). But what options does that leave you if your local branch faces closure?
Barclays confirms a further 15 bank branches will shut this summer, taking its 2023 total to a dismal milestone just shy of 100. All-in-all, it means a fifth of its network will close this year.
Four in 10 people over the age of 65 – equivalent to 4.09 million people in the UK – aren’t managing their money online and could be at high risk of financial exclusion, a charity warns.
A banking hub is a shared banking space that operates like a bank branch but is open to everyone rather than just the bank's customers, according…
A banking hub is a shared banking space that operates like a bank branch but is open to everyone rather than just the bank's customers, according…