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Daily Mirror
Daily Mirror
Business
Graham Hiscott & Graham Hiscott

Mighty 5,000 banks have closed in 7 years with millions at risk of being cut off

More than 5,000 bank and building society branches have closed over the past seven years, according to new research.

A further 206 branches are set to close by the end of 2023, according to the consumer group Which?

Rocio Concha, its director of policy and advocacy, said: “The shift to paying digitally has made life more convenient for millions, yet there remains a significant minority for whom cash is still vital as they are not ready or willing to make that switch.

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