HSBC has said it will shut 69 bank branches
(Picture: PA Archive)HSBC is to close a further 69 high street bank branches by the autumn as UK customers increasingly rely on online services.
According to the bank, less than half of its customers now actively use its branch network, with the average footfall declining over 50% since 2017 -- faster than any point in the last decade.
The use of mobile and online banking has accelerated, particularly since the start of the pandemic, it said.
None of the branches set to close are the last bank branch in the town they are in and they all have a Post Office within 1.5 miles where people can do day-to-day banking transactions.
The bank said closing the branches would enable it to invest in its digital and mobile servicing and reinvest in refurbishing its remaining branches in key locations.
It also promised to increase its customer outreach programme and support for vulnerable people who might struggle to access digital banking.
Isolated communities will still be able to access cash.
Jackie Uhi, head of HSBC UK’s branch network, said: “The way people bank is changing - something the pandemic has accelerated.
“Our branches continue to support people with their more complex banking needs, but the way we can do this has also evolved, with the addition of banking hubs, community pop ups and continued use of the Post Office network.”
Last year, HSBC closed 82 of its branches across the country. After this most recent round of closures, it will have 441 branches remaining, only 96 of which will be ‘full service’ branches offering a full range of services in store.
Full list of 2022 closures:
July
City of London
Gloucester Road 26
Westfield Stratford City
Monmouth
New Bond Street
Perth
Cambridge, Hills Road
Hammersmith
Moorgate
Merry Hill
Angel Islington
Woking
August
East Grinstead
Leyland
Peckham
Omagh
Farnham
Borehamwood & Elstree
Beaconsfield
Golders Green
Street
Stowmarket
Lymington
Eltham
Sidcup
Wellingborough
Thame
Amersham-on-the-Hill
Hoddesdon
Bishop Auckland
Birmingham, Harborne
Ashby-de-la-Zouch
Londonderry
Woodbridge
Uckfield
Thornbury
September
New Malden
Strood
Hartlepool
St Annes-on-Sea
Keynsham
Ringwood
Pinner
Pontefract
Dewsbury
Ilkeston
Barking
Petersfield
Newmarket
Whitehaven
Billericay
Hampstead, High Street
Beckenham
Inverness
Sidmouth
Wandsworth
Burgess Hill
Manchester, Didsbury
Daventry
Bristol, Whiteladies Road
Nottingham, West Bridgford
Shirley
Ellesmere
October
Herne Bay
Falmouth
Manchester, Trafford Park
Bootle
Cardiff, Canton
Kingston (Date TBC)
