Lloyds Banking Group has introduced 44 new department closures, closing the door on face-to-face providers in 155 branches in whole by the tip of 2023 and 40 in 2024.

The Bank of Scotland has introduced 5 extra branches closing (26 in whole), Halifax has introduced 15 extra branches closing (62 in whole) and Lloyds has introduced 24 extra branches closing (107 in whole).

The department in Plymouth is ready to shut on January 10, 2024. Teignmouth is deliberate to shut on April 15, 2024, whereas Crediton’s financial institution is because of shut on July 4, 2024.

Following the announcement of the closure of Lloyds – LINK additionally shared a brand new banking hub for Teignmouth as the ultimate financial institution department on the town is closing down.

The city will profit from a brand new banking hub as a part of a wider dedication to guard entry to money.

In 2021, the banking business agreed that following the closure of any financial institution department, LINK will establish whether or not a neighborhood requires additional money providers.

Additionally, any neighborhood and not using a department can contact LINK instantly and ask to be assessed for help.

A Lloyds spokesperson says: “Our customers are increasingly using digital channels to manage their money - we now have over 20 million regular digital users, so it’s important we continue to develop the online services our customers want to use.”

The news comes only a week after Virgin Money introduced plans to axe 30 p.c of its department community, following a rising development among the many UK's main banks.

Barclays has already dedicated to shutting down 156 branches this yr, NatWest is drawing the blinds on 143 branches, and HSBC has earmarked 114 branches for closure.

As banking hubs enhance, Britons are reminded of what they'll do there.

Banking hubs are a shared banking house, much like a standard financial institution department, however obtainable to everybody. The hub will include a counter service operated by Post Office workers, the place clients of any financial institution can withdraw and deposit money, make invoice funds and perform common banking transactions.

In addition, there might be non-public areas the place clients can converse to neighborhood bankers from their very own financial institution for extra sophisticated issues that require specialist data or privateness.

The banks might be engaged on a rotating foundation, so there might be employees from completely different banks obtainable on completely different days.

Here is the most recent spherical of Lloyds Banking Group closures:

· Lloyds, Farnham, October 31

· Lloyds, Leicester, November 2

· Lloyds, Knightsbridge, November 7

· Lloyds, Bolton, November 8

· Lloyds, Brighton, November 9

· Lloyds, Horfield, November 9

· Lloyds, Rubery, November 13

· Lloyds, Sidcup, November 13

· Lloyds, Piccadilly, November 16

· Lloyds, Swinton, November 20

· Lloyds, Lincoln, November 21

· Lloyds, Avonmouth, November 23

· Lloyds, Callington, November 27

· Lloyds, Keighley, November 28

· Lloyds, St Neots, December 6

· Lloyds, Plymouth, January 10 2024

· Lloyds, Witham, January 11 2024

· Lloyds, Ulverston, April 9 2024

· Lloyds, Stone, April 10 2024

· Lloyds, Saltash, April 10 2024

· Lloyds, West Drayton, April 11 2024

· Lloyds, Teignmouth, April 15 2024

· Lloyds, Tonypandy, July 4 2024

· Lloyds, Crediton, July 4 2024