Barclays is due to shut another 27 sites by 2023
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Barclays Bank is closing another 27 of its branches – including one in The Cotswolds. The bank has announced it will close its branch in Stow-on-the-Wold.
Brits are already grappling with a wave of bank branch closures, with around 330 outlets due to close in 2022. Barclays is due to shut another 27 sites, Which? reports , and it will have closed 103 by 2023.
The 27 closures add to 63 announced earlier in the year. A Barclays spokesperson said: “We continue to review and adjust our branch footprint to ensure it reflects the way that our customers are increasingly choosing to do their banking.
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"We will always give twelve weeks’ notice of any branch closures, explaining the rationale for the decision, as well as highlighting alternative branches and ways to bank. This includes working with the local community to find different, more flexible ways for our colleagues to continue to provide local banking support, such as through pop-up presences.”
Banks say they are closing branches because a lack of footfall means it costs too much to keep many open. They say Brits are using online banking more and physical branches less.
Some communities have been left with no bank branch at all. Around 2,300 people on the Isle of Scilly now have to take a plane or ferry to use a bank branch as their last remaining bank shut in April.
According to the Mirror Online, the full list of Barclays branches due to shut this year is:
Stow-on-the-Wold
Rawtenstall
Muswell Hill, London
Bexhill-on-Sea
Felixstowe
Heswall
Pinner
Gateshead
St Austell
Surbiton
Epping
Manchester
Beaconsfield
Middleton
Chester-le-Street
Feltham
Selby
Corby
Maldon
Peterborough
Prestwich
Wells
Sidcup
Havant
Petersfield
Ryde
Billericay
Chesterfield
Alfreton
Lampeter
Dunmow
Saffron Walden
Longton
Chorley
Ripon
Southgate Chase Side
Holloway
Bridgnorth
Ludlow
Sheerness
On top of the Barclays closure, Lloyds Banking Group is closing 28 branches – 20 Lloyds Bank and eight Halifax – between August and November this year. HSBC is also closing 69 bank branches due to a shift to online banking, in a move affecting around 400 staff.
TSB is to close 70 bank branches in the UK this year, while NatWest will shut 32 outlets , including 11 Royal Bank of Scotland sites. Brits can access some banking services at Post Offices due to a tie-up between banks and the mail delivery institution.
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Banks pay the Post Office to do this to offset the impact of branches closing. However, this range of services is limited compared to a proper bank branch. You cannot open a bank account at a Post Office, for example, or sort out issues with your account.
What you can do at a Post Office also depends which bank you are with. If you are a Bank of Scotland, HSBC or Lloyds customer you can use all Post Office banking services – withdrawing and depositing cash, checking your balance and depositing a cheque.
But if you bank with Nationwide, all you can do is withdraw cash and check your balance.