Lloyds and Halifax are amongst those closing branches
Over two dozen bank branches across London are earmarked for closure as a leading British banking giant begins a significant reduction of its high street footprint. Use our interactive map to discover if any locations near you will be affected.
Lloyds Banking Group has announced proposals to shut a further 95 branches throughout the UK, impacting customers of Lloyds Bank, Halifax, and Bank of Scotland. The group disclosed that 53 Lloyds branches, 31 Halifax locations, and 11 Bank of Scotland sites will close under the latest announcement. The closures are scheduled to occur between May 2026 and March 2027.
Across the capital, eight Lloyds and six Halifax branches face closure from May onwards, beginning with four banks – the Fitzrovia, Victoria and West End Oxford Street branches of Lloyds and Halifax’s Pentonville branch, all on May 27.
Lloyds is currently carrying out earlier plans to shut 49 branches nationwide by October. This follows the group’s announcement in January 2021 that it would close 136 branches by March 2026.
Following the completion of all previously declared closures, the banking group will maintain a network of 610 branches. NatWest has also recently revealed the closure of 32 branches, with 11 of these in London.
In London, the NatWest closures commence on May 11 with the closure of the High Street, Barnet branch. Discover whether any banks are closing in your area using our interactive map.
Since February 2022, when all major banks agreed to a voluntary commitment to evaluate the consequences of each closure, a total of 2,236 branches have either closed their doors or declared intentions to stop operating. This represents an average of at least one closure daily, or eight weekly.
The figure includes 301 London banks that have either ceased trading or are due to close. The LINK initiative was created to examine each closure and guarantee that vulnerable customers and small enterprises were not abandoned in the shift towards cashless transactions and online banking.
When closures render communities without any neighbourhood bank, banking hubs or complimentary ATMs are introduced to bridge the divide.
Nick Quin, Chief Corporate Affairs Officer at LINK, said: “While more people choose to use contactless and digital payments, there are still millions who rely on and prefer to pay using cash. Alongside ATMs and Post Offices, banking hubs continue to help people and businesses to readily access and deposit cash. We recommended a further 15 banking hubs yesterday which will play a part in supporting access to cash across the UK.”
Gareth Oakley, CEO at Cash Access UK said: “We’re delighted to see the difference that banking hubs have made for communities across the UK. It’s a clear reminder that while more people are choosing to bank digitally, cash and face-to-face services still remain essential for many. We have opened 212 hubs to date and are excited to continue rolling out these services in the communities that need them most. Customers can visit the hubs any day of the week for their everyday banking transactions, and if you have a specific or more complex enquiry for your bank, a community banker will be there to help on the day they’re in the hub.”
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