Bank closures hit 6,000 — so where are the hubs?

When the last branch in a town closes, a hub offering alternative banking services is supposed to open within a year
A significant number of people, many of them vulnerable, still rely on physical banking
A significant number of people, many of them vulnerable, still rely on physical banking
ALAMY

The number of high street bank branches that have closed over the past nine years will pass 6,000 on Friday, according to research by a consumer group.

Which? said that the “avalanche” of closures was damaging high streets and communities and that the milestone highlighted the need for replacement services for millions of people and small companies.

The closure of eight Barclays branches scheduled to shut on Friday will take the total to 6,005 branch closures since 2015, Which? said, with 200 more scheduled for the rest of 2024.

Eight Barclays branches were scheduled to shut on Friday, taking the total to 6,005 closures since 2015
Eight Barclays branches were scheduled to shut on Friday, taking the total to 6,005 closures since 2015
TUPUNGATO/GETTY IMAGES

Millions of consumers have made the switch to banking digitally, leading to declining use of branches. However, a significant number of people, many of them vulnerable, are still reliant on physical banking. Small companies that need