Clueless American here. I saw a commercial for Nationwide bank promising the keep their branches open until at least 2028. Is there a push to close banks? Is this more fallout from Brexit?
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Nothing to do with Brexit, banks have been reducing their high street presence for 20yrs plus in the UK.
Santander had some banks become part Costa Coffee and part bank to reduce costs as another example of money saving.
As people use online banking more, less are going to physical buildings. Plus their hours were also awkward and didn’t fit in with people working weekends etc. Why pay all the costs of maintaining a building, and more importantly, the costs and wages of people to staff them when you can have a website?
Where I live in Ware, Hertfordshire we don’t have a bank anymore. There used to be ay least four. There’s building society, but banking has to be done via the post office. Which is in a shop. The main post office closed some years ago and moved into a shop. That closed and we had nothing for over a year.
It’s shite.
Too expensive to keep branches open
