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March 2, 2024
Finance Technologies

Santander announces 111 UK branch closures as consumers go digital

Santander has announced the closure of 111 branches across the UK, affecting around 840 staff. Santander says branch transactions have fallen 50% The bank says its decision comes as part of a long-term strategy, which has been affected by the coronavirus pandemic. “Branch usage by customers has fallen considerably over recent years,” says Adam Bishop, head of branches at the bank. “We have made the difficult decision to consolidate our presence in areas where we have multiple branches relatively close together.” Only branches within three miles of another Santander location are to be closed. Affected staff will be moved into…
Santander announces 111 UK branch closures as consumers go digital

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