460 bank branches are set to close across the UK this year - leaving 109 communities in England without a single bank on the high street
An eye-watering number of bank branches are set to close across the UK by the end of 2023. It has been confirmed that the total number of bank closures this year, including Santander, Barclays and HSBC branches, will be 460.
READ MORE: 'Boots 'miracle' £8 cream makes my skin so dewy, I've stopped wearing foundation - it's better than £29 Elizabeth Arden' It comes as Age UK warns many older or vulnerable people are struggling with online banking. The charity's research found that four in 10 older people with a bank account in Britain - equivalent to more than four million people - are not managing their money online and could be at risk of financial exclusion.
"Even older people who do bank online often want the ability to talk to a bank employee in the flesh about some kind of transaction. A lack of face-to-face banking will only serve to further exclude the millions of people on a low income who have no or limited access to the internet." Of the bank closures that have been announced or have already taken place this year, Barclays have overseen the most closures, with 122 branches lost to the high street.
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