Which? comments on the news that Lloyds will close another 95 bank branches

Jenny Ross, Which? Money Editor, said:

“Bank branch closures have real impacts on local communities, especially on those customers who rely on in-person services and aren’t yet ready or willing to make the switch to digital banking.

“This announcement is a reminder that branches are still under threat and it’s clear that banking hubs will play a big role in how we manage our money. However, not all hubs provide the same services, meaning some customers can still be forced to travel long distances to access the services they need.

“Given the importance of banking services to local communities, the Government and banking industry should work together to plug gaps so consumers can rely on hubs for their banking needs and be ready to increase the target of 350 open hubs by the end of this parliament if needed.”

-ENDS-