Lloyds Bank will shut its Walthamstow High Street branch on October 22, 2023, as part of a larger move to reduce physical bank locations in favor of digital banking services. This closure is among 61 branches being closed across the UK, with a noted 21% decrease in over-the-counter transactions since 2019 at the Walthamstow site. With the rise of mobile banking, the bank has observed a significant shift in customer preferences, leading to this decision. Alternative banking services will be provided nearby, such as at the local Post Office and Halifax branch.
Lloyds Bank will close its Walthamstow High Street branch on October 22, part of a broader strategy reducing physical locations in favor of online banking.
According to Lloyds, transactions over the counter at the Walthamstow branch are down 21% compared to 2019, indicating a shift in customer behavior.
The bank noted that most customers are now using mobile banking apps and Internet Banking, which has significantly reduced the reliance on branch visits.
As part of the restructuring, Lloyds will also close 61 Halifax sites and 14 Bank of Scotland branches across the UK.
Collection
[
|
...
]