Which? demands urgent halt to bank branch closures

Which? is calling for an immediate pause on bank branch closures as its new analysis raises concerns that banks may be rushing to close branches before solutions to protecting access to cash can take effect.

Our latest analysis reveals that the rate of bank branch closures has increased significantly in 2021. It peaked between June and August when 298 branches closed their doors – an average of 99 per month.

This marks a 90 per cent rise on the previous six years when an average of 52 branches were closing per month.

In total there have been 736 bank branch closures this year, with another 220 already set to close in 2022. Since January 2015, banks and building societies have closed or scheduled the closure of 4,734 branches.

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