Barclays (LON:BARC) has announced a further reduction in its physical presence with plans to close an additional 16 branches in the United Kingdom by March 2024. This move comes as part of the bank's broader strategy to shutter nearly a third of its branches by next year due to a persistent decline in branch visits.
Customers from areas affected by the closures, such as Eltham, Cobham, and Liscard, are being encouraged to transition to online banking or utilize alternative branches. Barclays has committed to providing support for customers during this transition through its Barclays Local initiatives. These initiatives include flexible access to face-to-face banking services at pop-up sites located in community centers and libraries.
To ensure that customers continue to have access to essential banking services, over 200 pop-up sites will be available across the nation. These sites are designed to complement traditional post office services that allow for financial transactions such as depositing and withdrawing funds.
In addition to offering alternative banking solutions, Barclays is also focusing on helping customers adapt to digital platforms. The bank is extending digital skills workshops and hosting fraud and scams awareness events. These efforts aim to educate customers on managing their financial needs securely in an increasingly digital world.
The latest announcement follows a report earlier today, which highlighted Barclays' planned closures and the impact on communities. Customers in areas like Farnham are being advised to prepare for these changes by exploring online banking options or seeking face-to-face assistance at remaining branches or through Barclays Local services.
Branches previously mentioned for closure include those in Dereham and South Woodford. Despite the lack of an official statement from Barclays regarding these specific closures, the bank has assured that services will remain accessible at post offices. One prominent closure will be Wallasey's branch, set to shut down by March 28, 2024.
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