Skip to main content

High street banks respond to Treasury Committee on branch closures

20 August 2021

The Treasury Committee today publishes correspondence from high street banks on branch closures.

Correspondence

The following pieces of correspondence have been published:

In a letter from the Committee Chair, Rt. Hon. Mel Stride MP, the banks were asked to outline their current number of branches, the number of ‘last in town’ branches, their plans to maintain branches, the factors considered when closing a branch and details of the support provided to customers when a branch is closed.

Chair's comment

Commenting on the responses, Rt. Hon. Mel Stride MP, Chair of the Treasury Committee, said:

“For many, particularly small businesses, the elderly and vulnerable, access to a bank branch is vital to accessing cash. While it is encouraging that the high street banks have engaged so positively with the Committee, we note that there are over 200 ‘last in town’ bank branches across the country. We are concerned that, should these close, vital access to cash and banking services will be out of reach for many communities.

The Committee will continue to monitor the impact of bank branch closures on access to cash as part of our broader work.”

Table 1: Number of bank branches by high street bank

Bank name

No. of branches

No. of branches that are last in community

No. of mobile branches

 

Lloyds Banking Group

Lloyds

808

118

51

 

Halifax

575

 

Bank of Scotland

184

 

TSB

290

3

0

(38 pop up)

Barclays

738

No number provided

6*

 

Santander

450

6

0

 

Nationwide

643

30

0

 

NatWest

833

46

46*

 

HSBC

548

10

0

 

Total

5069

213

 

 

* Number of mobile branches was provided separately to the letter sent

Further information

Image: PA