‘Alarm’ as banks axe branches

Daily Express - - FREDERICK FORSYTH -

NEARLY 60 bank and build­ing so­ci­ety branches are shut­ting ev­ery month, re­search has re­vealed.

Con­sumer cham­pion Which? said be­tween the start of 2015 and the end of 2018, 2,868 branches had either closed or were due to close.

This year 670 branches have closed or are ear­marked for clo­sure.

Which? said NatWest had the most clo­sures – 638 branches shut or due to close by the end of this year – fol­lowed by HSBC (440), Lloyds (366) and RBS (350).

Scot­land has seen 368 branches axed since 2015, or be­ing due to close by the end of 2018.

Which? Money ex­pert Gareth Shaw said: “Bank branch clo­sures are hap­pen­ing at an alarm­ing rate.”

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