In November, NatWest Group announced that 18 of it’s UK branches will shut in 2024. Royal Bank of Scotland announced one of it’s branches will shut as of next year, in addiction to the 142 set for closure this year. Amid this news, at what rate is the high street losing it’s bank and building society branches?
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00:00 Barclays is set to shut a further 37 bank branches in early 2024. The news comes in
00:07 addition to the 180 Barclays closures in 2023 and the 184 in 2022. As more and more customers
00:15 make the move to digital and online banking, consumer group Which said that the UK high
00:19 street has lost over 5,500 bank and building society branches since January 2015. But it
00:26 is Barclays respectively that has reduced its network the most with over 1,130 having
00:32 now closed. Talking about the matter, a Barclays spokesperson said, quote, "As visits to branches
00:38 continue to fall, we need to adapt to provide the best service for all our customers. Where
00:43 there is no longer enough demand to support a branch, we maintain an in-person presence
00:48 through our Barclays local network, live in over 300 locations based in libraries, town
00:55 mobile vans and our bunking pods.