Editor's Pick

Barclays announces closure plans for 14 more banks this year

<?xml encoding=”utf-8″ ?????????>

The major high street bank will close 11 of its sites in England a further two in Wales and one in Scotland.

The majority of the closures will happen in October – with the rest shutting their doors in November and December.

Banks in Cardiff, Salford, Norwich and Dumfries are among those affected.

The bank has already announced more than 60 closures this year, following in the footsteps of several other major companies, including NatWest, Lloyds Banking Group and Halifax.

It comes as high street banks shift further to banking online and through apps.

The latest number of closures comes after the London-based banking firm announced it would be shutting at least 142 branches over the next two years.

Similarly, Lloyds announced it would be closing at least 84 banks by 2024, while NatWest said it had scheduled 14- closures.

Halifax will also close 47 branches while Santander will close five. Bank of Scotland said it will close 21 branches while RBS will shut four.

The closures have been deemed controversial by some who argue that many, particularly the elderly, still rely on in-person services and that closures will make it more difficult for those people to access financial services.

People should still be able to carry out basic banking tasks through local Post Office’s – but this does not include opening new bank accounts, taking out loans or mortgages.

Most banks will also offer mobile banking services where a bank brings a bus to a local area and provides services that are usually available at a branch.

The Barclays Bank to be closed are:

Chapel Street, Easingwold – 13/10/2324 Market Place, Thirsk – 25/10/23 23Yorkersgate, Malton – 19/10/23The Twyn, Caerphilly – 13/10/2342 Wellfield Road, Roath Park, Cardiff – 20/10/2316 High Street North, Dunstable – 13/10/232 Market Square, Leighton Buzzard – 18/10/23Unit 33, Arcades Shopping Centre, Ashton-under-Lyne – 13/10/23Unit 2 Blue, Media City UK, Salford – 20/10/23Station Road, Hoveton, Norwich – 01/12/233 St James Court, Whitefriars, Norwich – 27/10/233 Castle Street, Dumfries – 13/10/2328 Station Road, Cuffley, Potters Bar – 13/10/2351 High Street, Hoddesdon – 17/11/23

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top