Two of the country’s biggest banking giants recently announced that they are closing another 63 branches, taking away services from local communities around the UK. Barclays and Lloyds Banking Group between them announced a series of 63 closures, which are due to take place later this year or early next year, including 19 across Scotland.
Barclays plans to close 10 branches, while Lloyds is closing 21 Lloyds Bank sites, 15 Halifax and 17 Bank of Scotland between September and next May. The rapid closure of the UK’s banking network comes as more people choose to almost exclusively use online banking, rather than visiting a branch.
However, many people may be unaware of the free day-to-day banking services available at the Post Office. Some £3.33billion-worth of transactions were made at Post Office counters and in-store kiosks in May, marking the highest total since last September, when it was £3.35billion.
