Which Lloyds banks are closing down? The branches affected

Simply hours after Chancellor of the Exchequer Rishi Sunak introduced that he was dropping Earnings tax by 1p and slashing gas responsibility to assist with the price of residing, Lloyds Banking Group introduced that it deliberate to shut 60 branches, and prospects are questioning which Lloyds banks are closing down?

Lloyds Banking Group, which owns Lloyds, Halifax, and Financial institution of Scotland manufacturers is about to shut 60 of its branches – main as much as 124 job losses. The closures come on the again of the NatWest financial institution closures and HSBC which introduced it was closing 69 of its branches.

Because of the altering nature of its buyer base and the transfer to on-line banking, in latest months extra closures have been introduced.

As we have a look at which Lloyds Banking Group manufacturers are affected this time round…

Which Lloyds banks are closing down?

There are 24 Lloyds financial institution branches closing down throughout the UK, with 19 Financial institution of Scotland and 17 Halifax branches set for closure underneath the Lloyds Banking Group announcement.

Lloyds Financial institution closures 2022:

• Aylesbury Gatehouse, closure date: 26/07/2022
• Beaconsfield, closure date: 29/06/2022
• Birmingham Temple Row, closure date: 15/09/2022
• Bolton Westhoughton, closure date: 01/08/2022
• Bradford Thornbury, closure date: 11/08/2022
• Buckingham, closure date: 20/09/2022
• Chandlers Ford, closure date: 30/06/2022
• Chipping Campden, closure date: 10/08/2022
• Colchester St Johns, closure date: 30/06/2022
• Cottingham, closure date: 20/09/2022
• Edgbaston, closure date: 21/09/2022
• Knutsford, closure date: 06/07/2022
• Liverpool Woolton, closure date: 07/07/2022
• Lyndhurst, closure date: 14/07/2022
• Marlow, closure date: 13/07/2022
• Morriston Swansea, closure date: 04/08/2022
• Oxford Summertown, closure date: 21/07/2022
• Poulton-le-Fylde, closure date: 03/08/2022
• Rushden, closure date: 28/06/2022
• Shanklin, closure date: 26/07/2022
• Shrewsbury Mount Nice, closure date: 28/07/2022
• Smethwick, closure date: 11/08/2022
• Swanwick, closure date: 21/07/2022
• Tiptree, closure date: 25/07/2022

Financial institution of Scotland closures 2022:

• Aberdeen 201 Union St, closure date: 14/09/2022
• Alness, closure date: 27/07/2022
• Brechin, closure date: 02/08/2022
• Broxburn, closure date: 09/08/2022
• Carluke, closure date: 27/06/2022
• Clarkston, closure date: 04/07/2022
• Dunblane, closure date: 07/07/2022
• Dyce, closure date: 05/07/2022
• Edinburgh Barnton, closure date: 13/07/2022
• Edinburgh Shandwick, closure date: 13/07/2022
• Forres, closure date: 11/07/2022
• Glasgow Riddrie, closure date: 09/08/2022
• Innerleithen, closure date: 04/08/2022
• Kirkcudbright, closure date: 03/08/2022
• Lockerbie, closure date: 08/08/2022
• Selkirk, closure date: 08/08/2022
• Shotts, closure date: 15/08/2022
• Stromness, closure date: 17/08/2022
• Troon, closure date: 21/09/2022

Halifax financial institution closures 2022:

• Abingdon, closure date: 29/06/2022
• Beaconsfield, closure date:28/07/2022
• Beccles, closure date: 05/07/2022
• Belfast Shaftesbury, closure date: 28/06/2022
• Bideford, closure date: 06/07/2022
• Devizes, closure date: 27/07/2022
• Doncaster Mkt Pl, closure date: 19/09/2022
• Dunstable, closure date: 11/07/2022
• Finchley Central, date: 12/07/2022
• Halifax Business St, closure date: 19/09/2022
• Margate, closure date: 18/07/2022
• Morriston, closure date: 18/07/2022
• Penge, closure date: 10/08/2022
• Totton, closure date: 19/07/2022
• Wokingham, closure date: 20/07/2022
• Worcester Park, closure date: 20/07/2022
• Yeadon, closure date: 25/07/2022

Will Lloyds shut extra branches?

It’s not clear whether or not Lloyds will shut extra branches within the close to future, however as earlier banks have proven, extra closures typically occur. HSBC introduced this month that it was closing 69 branches – this announcement got here after it had already closed 82 branches in 2021.

In line with Lloyds, round 18.6 million prospects repeatedly use on-line banking with the group, a rise of 12 per cent over the past two years and the financial institution has greater than 15 million cell app customers – a rise of 27 per cent within the final two years.

Vim Maru, group retail director at Lloyds Banking Group, mentioned: “Identical to many different excessive road companies, fewer prospects are selecting to go to our branches. Our department community is a crucial means for us to help our prospects, however we have to adapt to the numerous development in prospects selecting to do most of their on a regular basis banking on-line.”

A mannequin of the London cityscape within the window of a Halifax financial institution department in London, U.Ok., on Friday, Oct. 22, 2021. The leaders of Europe’s high banks agree they’ve so much using on the latest surge in shopper costs. Photographer: Luke MacGregor/Bloomberg by way of Getty Pictures

Is my cash protected in a UK financial institution?

Cash that you simply put into UK banks or constructing societies which might be authorised by the Prudential Regulation Authority is protected by the Monetary Providers compensation Scheme (FSCS). Nonetheless, the FSCS deposit safety restrict is £85,000 per authorised agency.