Full list of high street bank branches to shut 40 locations in July (2024)

Full list of high street bank branches to shut 40 locations in July (1)

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Widespread branch closures are set to continue through 2024

Emma Lake

Published: 8:00, 29 Jun 2024
Updated: 12:41, 29 Jun 2024

Emma Lake

Published: Invalid Date,

MORE than 1,000 bank branch closures have been announced since the start of 2023 and 40 more are set to shut for good in July 2024.

Halifax, Bank of Scotland, Lloyds, NatWest and Barclays have all announced they will close branches across theUK, leaving Brits struggling to access in-person services on the high street.

Brancheswill see their doors shut for good in towns and cities including Wokingham, Sheffield, Doncaster, Dover, Leicester and London.

Banks and building societies have shut 5,908 branches since 2015 — at a rate of 54 each month — to almost half the number of branches that existed a decade ago.

Since 2022 almost 1,500 branch closures have been announced, according to data from ATM provider LINK, with 200 further closures slated for the remainder of 2024.

Barclays has shrunk its network the most, with 1,168 closed, followed by NatWest,Lloydsand Santander, according to Which? data.

What to do if your local bank closes

If a recent bank or building society closure has left you without one nearby, you have some alternatives.

You can carry out most basic banking tasks at your nearestPost Office, although you won't be able to apply for a loan or open a new bank account there.

You can find your nearest Post Office branch by using the locator tool on its website.

How many new banking hubs are planned?

THE first four banking hubs were successfully piloted in 2022 in Brixham, Cambuslang, Cottingham and Rochford.

More have since opened in Acton, Buckingham, Carnoustie and Troon and the following locations:

Axminster, Devon
Barnoldswick, Lancashire
Barton, North Lincolnshire
Belper, Derbyshire
Brechin, Angus
Bury Park, Bedfordshire
Cambusland, South Lanarkshire
Carnoustie, Angus
Cheadle, Staffordshire
Clay Cross, Derbyshire
Downham Market, Norfolk
Haslemere, Surrey
Hornsea, East Yorkshire
Horwich, Bolton
Kilkeel, County Down
Kilwinning, North Ayrshire
Kirkcudbright, Dumfries and Galloway
Knaresborough, Harrogate
Looe, Cornwall
Lutterworth, Leicestershire
Maryport, Cumbria
Newton Aycliffe, County Durham
Prestatyn, Denbighshire
Rochford, Essex
Royal Wootton Bassett, Wiltshire
Shoreham-by-Sea, West Sussex
Stapleford, Nottinghamshire
Syston, Leicestershire
Troon, South Ayrshire
Welling, London
Welshpool, Powys

Following further branch closures LINK, the UK's Cash Access and ATM network, has identified a further 83 locations which require banking hubs.

There are 63 banking hubs planned forEnglandin:

Acomb, York
Alnwick, Northumberland
Ampthill, Bedfordshire
Bacup, Lancashire
Batley, West Yorkshire
Bodmin, Cornwall
Bramhall, Greater Manchester
Calne, Wiltshire
Dartmouth, Devon
Darwen, Lancashire
Dawlish, Devon
Dinnington, South Yorkshire
Earlestown, Merseyside
Elland, West Yorkshire
Enfield North, Middlesex
Ferryhill, County Durham
Filey, North Yorkshire
Great Harwood, Lancashire
Harleston, Norfolk
Hatfield, Hertfordshire
Haverhill, Suffolk
Helston, Cornwall
Hessle, East Riding
Heywood, Rochdale
Holt, Norfolk
Keynsham, Somerset
Kirkby-in-Ashfield, Nottinghamshire
Mablethorpe, Lincolnshire
Market Rasen, Lincolnshire
Mildenhall, Suffolk
Moreton, Birkenhead
New Rossington, South Yorkshire
Newland, Hull
Oakham, Rutland
Ossett, West Yorkshire
Otley, West Yorkshire
Pershore, Worcestershire
Prescot, Merseyside
Ramsbottom, Greater Manchester
Richmond, North Yorkshire
Royston, Hertfordshire
Saltash, Cornwall
Seaham, County Durham
Sherborne, Dorset
Shirebrook, Derbyshire
Sidmouth, Devon
South Elmsall, West Yorkshire
Stalybridge, Greater Manchester
Stone, Staffordshire
Teignmouth, Devon
Thorne, South Yorkshire
Ulverston, Cumbria
Ware, Hertfordshire
Wath Upon Dearne, South Yorkshire
Watton, Norfolk
Wellington, Somerset
West Drayton, Middlesex
West Kirby, Wirral
Westhoughton, Greater Manchester
Wetherby, West Yorkshire
Whitby, North Yorkshire
Willesden Green, London
Withernsea, East Yorkshire

Four more banking hubs are planned inNorthern Irelandin:

Comber, County Down
Newcastle, County Down
Portrush, County Antrim
Warrenpoint, County Down

Nine more banking hubs are planned forScotlandin:

Auchterarder, Perth and Kinross
Burntisland, Fife
Carluke, South Lanarkshire
Crieff, Perth and Kinross
Cumnock, East Ayrshire
Forres, Moray
Girvan, South Ayrshire
Jedburgh, Scottish Borders
Kirkcudbright, Dumfries and Galloway

Seven more banking hubs are planned forWalesin:

Abergele, Conwy
Abertillery, Blaenau Gwent
Morriston, Swansea
Mountain Ash, Mid Glamorgan
Porthcawl, Glamorgan
Risca, Caerphilly
Treorchy, Rhondda Cynon Taf

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

FAQs

Which bank branches are closing in 2024? ›

There have already been 200 closures scheduled for the rest of 2024, including 50 from NatWest, 43 from Lloyds, 28 from TSB, 26 from Halifax, 20 from Royal Bank of Scotland and 14 from Barclays. The number of lost branches is equal to 60% of the national network in place nine years ago.

Why are banks closing local branches? ›

“As revenue pressures persist, banks likely will continue to shrink branch networks.” But while losing your neighborhood branch may be inconvenient, the broader trend reflects how many Americans prefer to manage their money. Online banks offer a hard-to-beat combination of higher interest rates and lower fees.

Learn More ›

Are banks closing their branches? ›

Thousands of branches have vanished from the high street in recent years as banks shift online. In total, 5,764 branches have shut their doors since 2015, according to the consumer group Which?.

Which High Street bank has the most branches? ›

Nationwide overtakes major banks to have the largest branch network on high street. Nationwide Building Society's longstanding commitment to the High Street means it now has the largest number of branches in the UK[1] - more than any other banking brand.

Get More Info ›

What banks are going out of business? ›

List of Recent Failed Banks

Bank Name	City	Acquiring Institution
Citizens Bank	Sac City	Iowa Trust & Savings Bank
Heartland Tri-State Bank	Elkhart	Dream First Bank, N.A.
First Republic Bank	San Francisco	JPMorgan Chase Bank, N.A.
Signature Bank	New York	Flagstar Bank, N.A.

2 more rows

Jun 6, 2024

Get More Info Here ›

How many banks have closed in 2024? ›

2024 in Brief

There is 1 bank failure in 2024. See detailed descriptions below. For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

Read The Full Story ›

Which banks are still on the high street? ›

Information on the different types of high street banks and their requirements. Some of the main high street banks in the UK are Barclays, HSBC, Halifax, Lloyds, Metro Bank, NatWest and Santander.

See Details ›

Why are all the US banks closing? ›

Bank Assets Decline in Value: Assets are items that banks own, such as cash, investments, loans, and reserves. When these assets decline in value due to increased interest rates, banks don't have enough assets to pay off their debts or other business necessities, which can cause banks to close.

Learn More Now ›

What two big banks are closing? ›

Two major California banks — Silicon Valley Bank and First Republic — have failed. While some banking industry leaders have said the immediate crisis is over, stock prices for other regional banks, including PacWest and Western Alliance, fell this week.

Know More ›

Which is the safest high street bank? ›

Which is the safest bank in the UK? Banks such as HSBC, Lloyds Bank, NatWest, and Barclays are solid and have a strong financial position. Although deposits are protected by FSCS only up to £85,000, these banks are unlikely to fail because of their size and resources.

Get More Info ›

Which is the most ethical high street bank? ›

These seven providers rank highly on the ethical stakes.

Triodos Bank.
Nationwide.
The Co-operative Bank.
Cumberland Building Society.
Engage.
Starling Bank.
Monzo.

May 31, 2024

Get More Info Here ›

What bank do the richest use? ›

12 private banking accounts the ultrarich use

Institution	Best for	Minimum assets for investment
Citi Private Bank	Global financial services	$5 million
First Tech Premier Rewards Banking	Credit union customers	$250,000
HSBC Premier Checking (Private)	Lower asset levels	$75,000
J.P. Morgan Private Bank	Security	$10 million

8 more rows

Jun 24, 2024

Discover More ›

Which 3 banks shut down? ›

2023 bank failures

First Republic Bank, Silicon Valley Bank, and Signature Bank shut down in 2023. There were a total of 5 bank failures that occurred in 2023, but these three were particularly newsworthy because they were some of the biggest bank failures in U.S. history.

What happens if your bank closes? ›

If your bank closes, the FDIC will either try to move your money to another bank in good standing or mail you a check for up to the insured amount. If it doesn't move your money, the bank should mail you a check within two business days of closing.

Know More ›

Are bank branches becoming obsolete? ›

Many of the nation's largest banks are reducing their branch systems, and smaller banks are also trimming their networks. U.S. banks closed 2,118 branch locations between January and the end of October 2023, according to S&P Global Market Intelligence.

Read The Full Story ›

How long will banks be around? ›

The Financial Brand analyzed the number of FDIC-insured banks and bank branches in the U.S. since 1935. The trends paint an alarming picture for the future of banking. In the next 20 years, half the banks around today will be gone, leaving fewer than 2,000 banks in the US by the year 2042.

Get More Info ›

Full list of high street bank branches to shut 40 locations in July (2024)

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What to do if your local bank closes

How many new banking hubs are planned?

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FAQs

Which bank branches are closing in 2024? ›

Which is the most ethical high street bank? ›

References