The UK’s high streets are set to become even more desolate this year, as hundreds of banks set to close their doors for good.
The number of bank branches across the UK has dwindled gradually in recent years as customers increasingly turn to online and mobile banking.
In fact, figures from last December showed 6,214 bank branches have shut since January 2015 – a shocking 53 every single month.
Most recently, Spanish-owned Santander announced it will close 95 of its branches in 2025, putting 750 jobs at risk.
But they’re not the only ones, with Lloyds, Halifax, Bank of Scotland, and NatWest all planning to shut up shop this year.
Many people, such as older or disabled customers or small business owners, rely on local bank branches.
The issue is compounded for those in rural areas, which may have poor broadband or mobile phone signal making it difficult to access internet banking.
The Financial Conduct Authority (FCA) says banks and building societies shutting down branches must ensure people …