Santander to close 95 branches

Santander to close 95 branches (nearly a quarter):
«13456

Comments

  • ChirpyChicken
    ChirpyChicken Posts: 1,099 Forumite
    1,000 Posts Name Dropper Photogenic
    Not surprised, i walk past my local one several times a week, seems quit or elderly people in
  • JuicyJesus
    JuicyJesus Posts: 3,831 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Quelle surprise.

    As always, if people want to pay nothing for banking then they will get the cheapest possible service that can be delivered.

    Their branch network is also massive relative to their actual market share.
    urs sinserly,
    ~~joosy jeezus~~
  • GeoffTF
    GeoffTF Posts: 1,816 Forumite
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    My local branch remains open. It always seems to be full of frenetic activity, but I do not use it. I have been banking online for over 25 years.
  • Hoenir
    Hoenir Posts: 6,644 Forumite
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    Never ending non news story.  We could always move to the international models of monthly account fees. Rather than free personal banking. That's subsidised by those that borrow money. 
  • WillPS
    WillPS Posts: 4,936 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Hoenir said:
    Never ending non news story.  We could always move to the international models of monthly account fees. Rather than free personal banking. That's subsidised by those that borrow money. 

    What has that to do with branch provision tho?

    Banks are shutting across the western world, not just in places where account fee-free banking is the norm:

  • Theleak250
    Theleak250 Posts: 169 Forumite
    100 Posts
    My local one is busy some days. 
  • Hoenir
    Hoenir Posts: 6,644 Forumite
    1,000 Posts First Anniversary Name Dropper
    WillPS said:
    Hoenir said:
    Never ending non news story.  We could always move to the international models of monthly account fees. Rather than free personal banking. That's subsidised by those that borrow money. 

    What has that to do with branch provision tho?


    Income covers costs. Basic survival mode of any business in the longer term. Technology has eroded the dominance of the major banks. 
  • HillStreetBlues
    HillStreetBlues Posts: 5,538 Forumite
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    When I was with them had to make an appointment to visit a branch, couldn't book one as fully booked for the next 4 weeks!
    Let's Be Careful Out There
  • WillPS
    WillPS Posts: 4,936 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Hoenir said:
    WillPS said:
    Hoenir said:
    Never ending non news story.  We could always move to the international models of monthly account fees. Rather than free personal banking. That's subsidised by those that borrow money. 

    What has that to do with branch provision tho?


    Income covers costs. Basic survival mode of any business in the longer term. Technology has eroded the dominance of the major banks. 

    I don't see how that is any different with or without a monthly account fee being charged. Branches are still a cost centre and any business will analyse these to see if they get value.
  • GeoffTF
    GeoffTF Posts: 1,816 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Hoenir said:
    Never ending non news story.  We could always move to the international models of monthly account fees. Rather than free personal banking. That's subsidised by those that borrow money. 
    It is not just free banking. The banks pay us to bank with them, with a range of perks and golden hellos. The people with less money and those who do not manage their finances so well foot the bill.
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