The shift towards online banking has prompted major bank institutions like NatWest, Lloyds, and Halifax to shutter over 100 branches in recent weeks. Our interactive map offers a detailed look at the closures in your vicinity.
In March alone, announcements were made for the closure of 47 NatWest branches, 22 Halifax branches, and 21 Lloyds branches. Additionally, Bank of Scotland disclosed plans to close 10 branches, while RBS confirmed the closure of one branch.
This brings the total number of bank closures announced in March to 101, adding to the 200 closures already slated for this year. In total, 346 branches are either closed or scheduled for closure in 2024, with another six set to shut down by 2025, and 15 awaiting confirmation on their final closure date. 
The impact of these closures is significant, with 106 banks scheduled to close this year alone, leaving communities bereft of nearby banking services. London, in particular, has witnessed the closure of 64 branches this year, although closures have been widespread across the UK, with the South East, Scotland, Yorkshire and the Humber, Wales, and Northern Ireland also affected.
NatWest acknowledged the evolving banking landscape, emphasizing the increased demand for mobile and online services. Halifax, under the Lloyds Banking Group, echoed similar sentiments, citing efforts to understand and mitigate the impact on customers.
Since February 2022, major banking groups have committed to evaluating the repercussions of closures, resulting in 1,426 closures or announcements of closure. Recognizing the importance of accessible banking services, initiatives like LINK have been established to mitigate the impact of closures, including setting up shared banking hubs and free ATMs in affected communities.
Despite such efforts, concerns remain about the diminishing opportunities for face-to-face banking, particularly among older demographics. Age Concern highlighted the risk of digital exclusion for four million older individuals who do not manage their finances online.
In response, LINK has expanded its network of shared banking hubs, with recent openings in Porthcawl, Bridgend, and Oakham, Rutland. These hubs aim to safeguard access to essential banking services and cash facilities, ensuring that communities remain connected and financially inclusive.
