HSBC has announced it will be closing 69 of its UK banks this year, under plans to transform its branch approach.
It includes two Manchester branches - Didsbury, which closes on September 29, and Trafford Park, which closes on October 4.
The decision to re-shape the network and invest in a wider package of support and different formats follows an increasing preference for mobile and online banking, which has accelerated since the start of the pandemic.
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Less than 50 percent of the bank’s customers now actively use its branch network, with the average footfall declining over 50 percent since 2017, according to HSBC.
The changes will mean there is an average increase of 0.3 miles travel distance to a branch for HSBC UK customers.
Meanwhile, the average distance to a branch for in-person contact will be four miles.
Here is the full list of the HSBC branches closing down and when:
July
- City of London
- Gloucester Road
- 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 Port
October
- Herne Bay
- Falmouth
- Manchester, Trafford Park
- Bootle
- Cardiff, Canton
Date to be confirmed
- Kingston
All of the branches that are closing have a Post Office within 1.5 miles, 97 percent of which are within one mile for day-to-day banking transactions, says the bank.
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.
"Rather than a one-size fits all branch approach, it’s an approach built around the way different customers are choosing to bank in different areas.
“We know that the majority of our customers have a preference to do much of their day-to-day banking online or via mobile, so we’re removing locations where we have another branch nearby, and where there is a significant reduction in customers using face-to-face branch servicing.
"This will enable us to invest in locations where our customers are continuing to utilise the branch network, including updating technology and refurbishing branches.”
