"Lloyds Banking Group will close another 49 branches across its Lloyds Bank, Halifax and Bank of Scotland brands next year, in the latest blow to Britain's high streets. The closures, which will take place between January and October 2026, mark a further retreat from in-person banking as millions of customers move online. Lloyds said the shift reflects changing habits, with 21 million people now using its apps to manage their money."
"To offset the closures, Lloyds has pledged to support cash access in affected communities. Link, the UK's cash machine network, has recommended 11 new banking hubs in towns including Buxton, Camborne, Chepstow, Deal, Gorseinon, Grangemouth, Harborne, Hawick, Ryde, Stamford and Totton. Customers can also use Post Offices and more than 30,000 PayPoint locations to access banking services. The announcement comes just a week after NatWest said it would axe 46 mobile branches across the UK, underlining the scale of the shift towards digital banking."
Lloyds Banking Group will close 49 branches across Lloyds Bank, Halifax and Bank of Scotland between January and October 2026. The closures reflect a shift toward digital banking, with 21 million customers using the group's apps. The closures comprise 26 Lloyds, 10 Halifax and 13 Bank of Scotland branches, leaving 705 branches nationwide. All affected staff will be offered alternative roles. Lloyds will support cash access by working with Link to recommend 11 new banking hubs and directing customers to Post Offices and over 30,000 PayPoint locations. Similar reductions at other banks underline the move away from in-person banking.
Read at Business Matters
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