A spokesperson said: “As visits to branches continue to fall, we need to adapt to provide the best service for all our customers.”Ī spokesperson for Lloyds Banking Group - which owns Halifax as well as Lloyds Bank and several other financial firms - said increasing demand for online banking meant it needed to continue to develop “services our customers want to use”. Barclays is closing or has closed the most branches in areas that have no other physical banking services (45) followed by Lloyds (34) and then NatWest (24).īarclays says it maintains an in-person presence in over 200 locations “where there is no longer enough demand to support a branch” through the Barclays Local network, based in libraries, town halls, mobile vans, and “banking pods”. That is followed by HSBC (114), NatWest (106), Lloyds (62), and Halifax (32). Of the bank closures that have been announced or have already taken place this year, Barclays have overseen the most closures, with 122 branches lost to the high street. As a result, Indie retailers need access to cash, customers need cash and so we need banks on the high street.”īranch closures are driven by factors including the rise of online banking, the increasing popularity of mobile banking, and the cost of running branches. He said: "Small businesses want to remain accessible and available to their customers, and that means being able to accept cash. "A lack of face-to-face banking will only serve to further exclude the millions of people on a low income who have no or limited access to the internet."įive HSBC in Dorset will close in 2023, including this Shaftesbury branch (Image: Google Maps)Īndrew Goodacre, CEO of Bira (the British Independent Retailers Association) said banks were closing at a much faster pace than the hubs were opening. Even older people who do bank online often want the ability to talk to a bank employee in the flesh about some kind of transaction. Caroline Abrahams, charity director at Age UK, said: "We need to face up to the fact that huge numbers of older people, the oldest old, especially, are not banking online. More than 50 banking hubs have been announced, but only four have opened so far. These are spaces shared by several high-street lenders featuring counter services and visits from community bankers from the major banks. The charity's research found that four in 10 older people (39%) with a bank account in Britain - equivalent to more than four million people - are not managing their money online and could be at risk of financial exclusion.Īge UK has now called for more banking hubs to be opened in the UK in locations where all banks have closed. It comes as Age UK warns many older or vulnerable people are struggling with online banking. The closures will leave 109 communities in England without a bank, plus 16 in Wales, five in Scotland, and one in Northern Ireland. Lloyds TSB International has won several awards showcasing their dedication to bringing you the best possible service and products.īest Consumer Internet Bank 2011 from Global Finance:īest Information Security Initiatives in Europeīest Online Deposit, Credit and Investment Product Offerings.A total of 397 banks have closed or will close in England in 2023, along with 37 in Wales, 20 in Scotland, and five in Northern Ireland.īut in some areas, the latest closures will leave high streets without any existing banks, meaning customers will have to go online or travel to other locations to access financial services. International tax planning available through our carefully selected partners≠ No need to move banks when you move countriesīased in a politically and economically stable jurisdictionĪccounts opened in Gibraltar or Isle of Man depending on country of residence and account currency Alternatively you can also be eligible if you have £25,000/€33,000 to deposit (solely or jointly) with Lloyds TSB International within 3 months of opening your account.įlexible and convenient access to your money To be eligible you need a gross annual income of £50,000/€66,000. They offer international payments free of charge and won't charge you either to receive money from other international accounts.Īccounts in multiple currencies - avoid exchange rate fluctuations They have offices and dedicated staff located around the world to serve you in Martinique. Lloyds TSB International gives you the security of a brand you can trust whilst offering products for customers with international needs.
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