HSBC has announced that it will close over 100 bank branches across the UK from April 2023 as more customers make the move to online banking.
The bank confirmed that it has seen a major decline in the amount of customers using its physical banks since the pandemic, with some of the branches set to close serving fewer than 250 people a week. 114 branches will close next year between April and August, including one branch in Newcastle, one in North Tyneside and one in South Tyneside.
It follows more closures by HSBC in recent months, when the bank shut down its Bishop Auckland and Hartlepool branches in August and September respectively as two of the 69 branches closed by the bank across the UK this year. According to the HSBC website, next year's closures will leave just one physical branch remaining in Newcastle on Grey Street, and none in North or South Tyneside.
