Two major high street banks confirm 48 new closures from this summer- is your local disappearing for good?...

TWO major high street banks are set to close almost 50 bank branches between them in a fresh blow for the high street.Halifax said it would shut 22 branches while Lloyds said it would shutter 21 and the BoS said it would close 10.Customers are increasingly turning to online banking to manage their finances while banks and building societies look for ways to cut costs.

A spokesperson for the NatWest Group, which also runs RBS, said 80% of its active current account holders now use digital services and over 97% of "Digital banking continues to provide new and inclusive ways of allowing the overwhelming majority of our individual and business customers, including the elderly and vulnerable, to bank with us in ways that they weren’t able to before.

THE first four banking hubs were successfully piloted in 2022 in Brixham, Cambuslang, Cottingham and Rochford.Following further branch closures LINK, the UK's Cash Access and ATM network, has identified a further 83 locations which require banking hubs.Following further branch closures LINK, the UK's Cash Access and ATM network, has identified a further 83 locations which require banking hubs.

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