December 23rd 2024.
It seems that Barclays UK is making some big changes in the near future. The banking giant has recently announced that it will be closing several of its branches across different towns in the UK. This decision has come as a shock to many, especially since Barclays recorded a whopping £6.5 billion in profits before tax just last year. It's hard to believe that such a successful bank would be closing any of its branches.
According to BirminghamLive, at least seven branches will be closing their doors after the holiday season in January. This is all part of a larger plan to close a total of 99 sites by 2024 and 2025. It's a significant move that will surely affect many customers who rely on in-person services. In fact, some towns may even lose all access to cash services, as it has become a common trend for banks to close physical branches.
The list of confirmed closures for January 2025 has been released, and it includes some well-known branches. Barnard Castle, Cockermouth, Pickering, Tredegar, Ystrad Mynach, and St Neots are all slated to bid farewell to their customers on various dates throughout the month. It's a sad reality for those who have come to rely on these branches for their banking needs.
It's worth noting that Barclays is not the only bank making such changes. Other high street banks have also been busy closing branches in an effort to move their services online. Just last month, Lloyds Banking Group announced that it will be closing 164 branches by 2024 and 205. This is a significant number, especially when we consider that more than 6,000 banks have closed permanently in the past nine years. This has left many communities without access to cash services and even without a free ATM.
It's clear that the banking industry is evolving, and physical branches are becoming less and less popular. While it may be more convenient for some to do their banking online, it's important to consider the impact these closures will have on communities and individuals who rely on in-person services. Only time will tell how the banking landscape will continue to change in the future.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]