Barclays closes more branches

Barclays says that it’s responding to shifting shopper developments as extra of its clients are doing their banking by way of digital channels, and fewer than 10% of its transactions at the moment are accomplished in individual. The financial institution says it has 10 million digital clients, and 70% of its exercise might be accomplished digitally.

A spokesman tells Which?: “We are going to all the time give 12 weeks’ discover of any department closures, explaining the rationale for the choice, in addition to highlighting different branches and methods to financial institution.

“This consists of working with the area people to search out completely different, extra versatile methods for our colleagues to proceed to offer native banking help, resembling via pop-up presences.”

Barclays will not be the one financial institution trimming its department community in response to the digital migration. In whole, 652 branches will shut this 12 months, and half of the UK financial institution department community has disappeared since Which? started monitoring closures in 2015.