MSE News: Lloyds and Halifax to close a further 44 branches by November

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29 Lloyds Bank branches and 15 Halifax branches are to close by the end of November, with the banks blaming the move on customers using them less.

Read the full story:
'Lloyds and Halifax to close 44 branches by November – see the full list and where you can bank instead'

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Comments

  • MACKEM99
    MACKEM99 Posts: 911 Forumite
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    They say it is because we are not using the branches.  Well with all the lockdowns and reduced hours its no suprise!

    :neutral:
  • adamp87
    adamp87 Posts: 865 Forumite
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    It does say usage over the past 5 years on the This Is Money article.

    I agree taking services away is poor and it will effect some customer hugely, but in the grand scheme they aren’t going to keep branches open that aren’t used. I think some people overestimate how many people use branches at any given time.

    Of course when they reduce hours, days they don’t help themselves but no business (even a bank) is going to keep places open at cost if it’s not profitable.

    They’ll always be a competitor I imagine that tried to fill the gap and keep as many branches and human interaction as possible.

    But unfortunately just like the high street, banking is evolving rapidly to a online/app based system for the most part. 
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