The Digital Banker ’s Post

Lloyds Banking Group has announced plans to close 136 branches across the UK, including 61 Lloyds branches, 61 Halifax branches, and 14 Bank of Scotland locations, between May 2025 and March 2026. We can drive the following conslusions: • Digital Banking Surge: The closures reflect a significant shift towards digital banking, as more customers prefer online services over traditional in-person banking. • Impact on Communities: The reduction in physical branches may affect customers who rely on face-to-face banking, particularly in communities with limited digital access. • Industry Trend: This move aligns with a broader industry trend of banks downsizing their physical presence in response to changing consumer behaviors and the increasing adoption of digital platforms. #LloydsBank #DigitalBanking #FinancialServices #BankingIndustry #CustomerImpact https://lnkd.in/e2C7veCJ

Lloyds to shut 136 branches in UK amid digital banking shift Lloyds Banking Group will shut 136 branches in the United Kingdom to match customers' transition to digital banking but will not cut jobs, the lender said on Wednesday. Lloyds shut several branches in the past few years across England and some in Wales, after the COVID-19 pandemic led consumers to switch to mobile banking, resulting in a sector-wide push to cut back on traditional high-street presence. The closures will not result in job reductions, Lloyds said, adding that the affected personnel will be offered a role at another branch or part of its business. Read more at Reuters

Lloyds Banking Group 'will shut 136 branches in the United Kingdom to match customers' transition to digital banking but will not cut jobs'. Via Reuters #Lloyds #BranchClosures

Lloyds Banking Group is to allow all customers to use any of its branches in a move that has fuelled expectations of further branch closures as digital banking becomes the norm. https://lnkd.in/eYUE3Vpw #banking #digitaltransformation

Should we care that banks are closing branches in favour of digital services? Is it pointless to try and protect the provision on the high street? Maybe we should have a follow up Nationwide Building Society advert with Dominic and pals? If there are no branches how easy would it be to setup your first bank account? I think #banks will close all but a few flagship #branches so they can cut costs and then spend thousands of pounds attracting customers with transfer offers. https://lnkd.in/epUEQEMD #finance #banking

The UK is facing high levels of bank branch closures as 337 branches have already shut their doors in 2024 alone 🏦 Customers are increasingly turning to online banking to manage their finances. However, these closures can have a negative impact for elderly and vulnerable residents who live in rural areas, and those who do not have access to the internet. What can be done to help bank customers who prefer more traditional banking methods amid these closures? Read more The Sun 👉 https://bit.ly/3TZcoT4 #Banking #BankBranchClosures

The number of UK bank branches that have shut their doors for good over the last nine years has passed 6,000 as consumers move to digital services. The tally has been published by the consumer group Which? Read more https://lnkd.in/eWsNBuTn #banking #digitalbanking

Lloyds Bank to close 136 high street branches - DIGIT: Lloyds Banking Group is set to close 136 more high street branches, including 14 Bank of Scotland branches, between May 2025 and March 2026.

Trust in Banking Index Finds Persistent Gap in Trust Between Challenger and Long-Established Banks James Daley Managing Director at Fairer Finance, the consumer group and ratings provider, commented: “The FCA’s new Consumer Duty should be helping to close the gap in service between the challengers and the big high street banks. These new rules mean that all banks need to prove they are working to deliver good outcomes for their customers. But if anything, the gap is getting wider. Nationwide continues to be the one organisation with a major high-street presence that achieves trust ratings in the same ballpark as the challengers. Its popular advertising campaigns and commitment to its branch network are continuing to drive trust in the brand upwards. “These latest results suggest that most banks still have plenty to do to meet the requirements of Consumer Duty, and turn their customers’ perceptions around.” https://lnkd.in/epcw5WSg #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

NatWest is shutting 53 more UK bank branches amid customers opting to use online banking. NatWest Group, which consists of NatWest, Royal Bank of Scotland and Ulster Bank, has closed 1,431 branches since 2015, according to analysis from Which? experts. Read more https://lnkd.in/gAwWm2Pj #onlinebanking #digitaltransformation