Three major high street banks, Lloyds Bank, Halifax, and Bank of Scotland, all part of Lloyds Banking Group, have announced the closure of 71 branches next year due to the increasing popularity of online banking. Among the closures are 40 Lloyds branches, 14 Halifax locations, and 17 Bank of Scotland sites. Customers affected by these closures have the option to utilize branches across any of these three banks for their daily banking needs. Additionally, they can explore the availability of “banking hubs” in shared public spaces on high streets.
A spokesperson for Lloyds Banking Group highlighted the shift in customer banking behavior, with over 21 million customers opting for apps to manage their finances. The group aims to offer a diverse range of banking options, combining digital convenience with personalized service. Customers can access banking services not only through the app but also at any Lloyds, Halifax, or Bank of Scotland branch, the Post Office, or banking hubs, and can deposit cash at over 30,000 PayPoint locations.