6,000+ UK bank branches closed since 2015, primarily affecting cash-reliant communities, with Yorkshire and the Humber facing the worst decline.
A study by Which? reveals over 6,000 UK bank branches have closed since 2015, affecting local communities, particularly those reliant on cash. Yorkshire and the Humber face the worst decline, with only 248 branches for 5.6 million people. New Financial Conduct Authority rules mandate banks consider local cash needs before closures and maintain facilities until alternative services are available. Major banks plan to open 350 banking hubs by 2029 to improve access.
September 24, 2024
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