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Lloyds and Halifax announce MORE branch closures ahead of 254 shutting for good this year
Lloyds and Halifax announce MORE branch closures ahead of 254 shutting for good this year
Published on April 01, 2025 at 02:57 PM
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LLOYDS banking group has announced more branch closures ahead of shutting 254 branches for good this year.
The giant lender has revealed it will close two more branches, including one Halifax branch and one Lloyds location.
Lloyds Banking Group has revealed more branch closures
Lloyds will close down one of its locations Birmingham at 608 Bromford Lane, over the coming moths but a closure date has not yet been confirmed.
This means the bank will now shut up to 116 sites over the next 12months, according to a report in MoneySavingExpert.
Over the past few years, Lloyds has slashed its estate of physical branches blaming a rise in online banking for the move.
Halifax, which is also owned by the banking group, will close its site in Lincoln on May 14.
Again, this is on top of plans to shut over 100 stores in the next year.
Lloyds, which has 27million customers across its Bank of Scotland, Halifax and Lloyds subsidiaries , will shut up to 254 sites across 2025 and some of next year.
There are still a number of ways people can access basic banking services without having to venture to another town with a branch.
You can use one of the Post Office’s 11,684 branches to perform basic banking tasks — but not to open new bank accounts or take personal loans and mortgages.
You can find your nearest Post Office branch by visiting postoffice.co.uk/branch-finder.
Meanwhile, many banks offer a mobile banking service – where they bring a bus to your area offering services you can usually get at a physical branch.
Other banks use buildings such as village halls or libraries to offer mobile banking services.
It's worth contacting your bank to see what mobile services they have available, and when they might next be in your area.
New super ATMs are being rolled out across the UK where branch closures have left residents unable to access essential banking services.
These ATMs will allow customers to withdraw funds, access their balance, change PIN numbers and deposit cash.
Banking hubs are also being opened across the UK with 250 set to be available by the end of 2025.
These sites typically feature a counter service operated by the Post Office as standard, enabling customers to conduct routine banking transactions conveniently.
Each hub also has a private area where customers can consult with staff representing their banks for more complex matters.
What services do banking hubs offer?
BANKING hubs offer a range of services to bridge the gap left by the closure of local branches.
Operated by the Post Office, these hubs allow customers to perform routine transactions such as deposits, withdrawals, and balance enquiries.
Each hub features private booths where customers can discuss more complex banking matters with staff from their respective banks.
Staff from different banks are available on a rotational basis, ensuring that customers have access to a wide range of banking services throughout the week.
Additionally, customers can receive advice and support on various financial products and services, including loans, mortgages, and savings accounts.
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