TSB to close quarter of branches in ‘new hammer blow’ on UK Main Street

0
15
Labyrinthine Covid Reminder System Is The Real Reason For The Delays


TSB Bank is closing an additional 70 branches – a quarter of its network – in a move described by campaigners as “another hammer blow” to the UK’s main street.

Fourteen months ago, TSB had 475 branches, but these latest cuts – after a wave of previous closings in 2020 and this year – mean that by the end of June 2022 that number will have more than halved to 220. .

TSB is the latest in a series of banks to announce it is downsizing its network in response to what it called a continuing decline in branch usage and growing numbers of customers switching to digital banking – a trend accelerated by the pandemic.

Its branches, which will close next year, are spread across the country, from Thurso on the north coast of the Scottish Highlands to Exeter in Devon.

TSB said it remained committed to a UK-wide branch network and after the cuts it would still have the 7th largest network in the UK. He added that branches that were closing were doing about a third of transactions less than the national TSB average, and that there was a free post office or ATM within a mile of each affected outlet. .

A series of branch closures have been announced during the pandemic, with financial institutions insisting that customers are rejecting traditional over-the-counter service in favor of online banking. In October this year, Lloyds Banking Group announced that it would close 48 more branches, while in September, Virgin Money announced the permanent closure of 31 outlets. In March, Santander revealed it was closing 111.

TSB said that in recent years it has seen a significant decrease in branch use, with the average number of transactions per point of sale declining since January 2019 and “no prospect of branch transactions returning to levels. before Covid ”. More than nine out of ten transactions are now carried out digitally.

Robin Bulloch, Director of Client Services at TSB, said: “Closing branches is an incredibly difficult decision to make, but we need to respond to changes in the way people do their banking and deliver the right mix of services to customers. all of our customers, now and in the future. . He added that the bank had already opened “pop-up” services in 41 locations and that 10 more were now planned.

According to the consumer association Which ?, banks and building societies have closed or announced the closure of around 4,300 branches since January 2015, not counting the latest announcement.

Dr Jackie Mulligan, founder of ShopLocalOnline.org and one of the experts on the government-commissioned High Streets task force, said: ‘This news is yet another hammer blow to the UK’s Main Street, which is already in shock after nearly two years of pain. ”

Mulligan added, “Online change is irreversible, but so can the damage a bank leaving a main street can cause to the stores around it. Local high street stores need their local communities more than ever, and the gradual withdrawal of heavily trafficked banks poses another existential threat. “

BST branches will close next year

Aylesbury, 1-3 Market Street – closing April 19
Bath, 10 Quiet Street – June 15
Bermondsey, 253/255 Southwark Park Road – 27 avril
Bishop’s Stortford, 3 The Corn Exchange – 26 mai
Bromley, 58 High Street – 18 mai
Bury St Edmunds, 8 Guildhall Street – 26 mai
Camberley, 54 High Street – 5 mai
Cambridge, 6 St Andrews Street – 20 avril
Carolgate, 1 Carolgate – May 24
Cleveleys, 77 Victoria Road West – 8 juin
Colchester, 2 Culver Street West – 31 mai
Coldside, 101 Strathmartine Road – 13 avril
Cirencester, 37 Market Square – June 14
Denton, 38 Ashton Road – 17 mai
Ealing, 31 New Broadway – 5 mai
Eastbourne, 76 Terminus Road – 17 mai
Ellon, 36 Bridge Street – 19 avril
Exeter, 6 High Street – June 21
Forfar, 20 East High Street – 14 avril
Forres, 156 High Street – 27 avril
Fort William, 6 Tweedale High Street – 20 avril
Frodsham, 96 Main Street – June 22
Garston, 6 Speke Road – 9 juin
Gateshead, 264 High Street – 10 mai
Gillingham, Sydenham House – 15 juin
Greenwich, 6 Crescent Arcade – 28 avril
Harlesden, 58 High Street – 28 avril
Horsham, Unit 1 – May 12
Kirkintilloch, 4 rue Alexandra – 28 avril
Lanark, 25 rue Bannatyne – 27 avril
Longbridge, 1401 Bristol Road South – 28 juin
Louth, 11-13 Eastgate – 24 mai
Rue de la Madeleine, 65 Rue de la Madeleine – June 28
Maidstone, 16 High Street – 10 mai
Market Hill, 17 Market Hill – 16 juin
Maryport, 109/111 Senhouse Street – 10 mai
Melton Mowbray, 23-25 ​​High Street – 1er juin
Morden, 66 London Road – 11 mai
Morecombe, Lunedale House – 7 juin
Nelson, 23 Manchester Road – 18 mai
Newbury, 26 Northbrook Street – 7 juin
Newton Aycliffe, Unité 3B, Greenwell Road – 3 mai
Northallerton, 164 High Street – 3 mai
Ossett, 3 Wesley Street – 17 mai
Oxford, 17 George Street – June 7
Redcar, 87-89 High Street – 4 mai
Redditch, 4 Unicorn Hill – 2 juin
Romford, 3 marshals march – May 31
Ross-On-Wye, 9a Gloucester Road – 22 juin
Rushden, 133 High Street – 21 avril
Sherwood, 583 Mansfield Road – 29 juin
Shrewsbury, 45 High Street – 28 juin
Solihull, 58 Poplar Road – 1er juin
Southend-On-Sea, 32 London Road – 2 juin
Stranraer, 21 Castle Street – 28 avril
Sutton, 79, chemin Ellamsbridge – May 26
Swaffham, 61 Market Place – May 24
Taunton, 34 North Street – 12 avril
Thornbury, 9 St Mary’s Way – 9 juin
Thurso, 12/14 Traill Street – 21 avril
Tunbridge Wells, 62, chemin Mount Pleasant – 19 mai
Uxbridge, 24 Checkers Square – 4 mai
West End, 68 Baker Street – May 4th
Weston-super-Mare, 12, chemin Walliscote – June 23
Wilmslow, Emerson Court, Alderley Road – 14 juin
Wimborne, 5 The Square – 13 avril
Winsford, 160 High Street – 21 juin
Woodseats, 1 Abbey Lane – 15 juin
Worcester, 24 Mealcheapen Street – 21 juin
Yeovil, rue King George – 12 avril

LEAVE A REPLY

Please enter your comment!
Please enter your name here