The Halifax branch in Brentwood's High Street will close on September 10 as part of 61 closures across the UK by Lloyds Banking Group. This decision follows a significant decrease in in-person transactions, which have more than halved since 2019, indicating a shift toward online banking. With only 407 monthly customers, most aged 55 to 74, Halifax noted that many customers are already utilizing mobile and internet banking services. The banking group plans to direct customers to nearby alternatives, including local Post Offices and cash machines at Lloyds branches.
Halifax is closing its Brentwood branch on September 10, as part of a UK-wide initiative to cut costs and shift focus to online banking.
With over-the-counter transactions halving since 2019, Halifax believes customers are already banking in other ways, including mobile and internet banking.
Lloyds Banking Group is also shutting 61 Lloyds sites across the UK, indicating a broader trend of banking branches closing due to changing customer preferences.
The closure of the Brentwood Halifax branch will affect around 407 customers monthly, most of whom are aged between 55 and 74.
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