Alarm­ing rate of clo­sures

The Courier & Advertiser (Perth and Perthshire Edition) - - NEWS -

Bank and build­ing so­ci­ety branches are clos­ing at an “alarm­ing” rate of nearly 60 per month, ac­cord­ing to Which?.

The con­sumer group said anal­y­sis showed that be­tween the start of 2015 and the end of 2018, 2,868 branches have closed or are sched­uled to do so – av­er­ag­ing just un­der 60 per month.

Which? said branch clo­sures have been ac­cel­er­at­ing. It said so far this year 670 branches have closed or been sched­uled for clo­sure – putting 2018 on course to over­take the num­ber of clo­sures in 2017, when 879 branches were shut. Its anal­y­sis found that NatWest has closed the most branches.

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