Barclays to close ANOTHER 27 bank branches this year

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Barclays is going to close another 27 bank branches – taking the total number of closures this year to 103.

The bank had already said that 63 of its outlets would be closed in 2022.

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Barclays is closing more branchescredit: Reuters

A Barclays spokesperson said: “We continue to review and adjust our branch footprint to ensure that it reflects the way our customers are increasingly choosing to do their banking.

“We will always give twelve weeks’ notice of any branch closure, explaining the rationale for the decision, as well as highlighting the alternative branches and methods of the bank.

“This includes working with the local community to find different, more flexible ways for our partners to continue to provide local banking support, such as through a pop-up presence.”

It is the latest bank to announce more closures as the industry reacts to changing consumer habits.

Fewer customers now visit branches in person, instead of using online banking and apps.

Which is the rosio of the consumer group? Said: “Barclays is right to say that the banking habits of consumers are becoming more digital.

However, there remains a significant minority, for whom cash is a vital lifeline to pay for everyday essentials and track their spending, who are not yet ready or unwilling to make that switch. “

More to follow…

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