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BS: Bank Branch Closures

Mr Red 05 Sep 22 - 01:07 PM
Rain Dog 05 Sep 22 - 08:16 PM
Senoufou 06 Sep 22 - 02:18 AM
Rain Dog 31 Jul 23 - 03:23 AM
Rain Dog 28 Mar 24 - 07:21 AM
DMcG 28 Mar 24 - 07:30 AM
Bill D 30 Mar 24 - 02:03 PM
Tattie Bogle 03 Apr 24 - 08:00 PM
Stilly River Sage 03 Apr 24 - 10:42 PM

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Subject: RE: BS: Bank Branch Closures
From: Mr Red
Date: 05 Sep 22 - 01:07 PM

Quite


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Subject: RE: BS: Bank Branch Closures
From: Rain Dog
Date: 05 Sep 22 - 08:16 PM

From The Guardian

More ‘banking hubs’ to open across UK to tackle branch and ATM closures

"More shared “banking hubs” are to be rolled out across the UK to help communities hit by branch and ATM closures to get continued access to cash.

A banking hub is a shared service that operates in a similar way to a standard branch, with a counter service run by Post Office staff where customers of almost any bank can withdraw and deposit cash, make bill payments and carry out regular transactions.

There are also private spaces where customers can speak to someone, with trained specialists from different banks available on different days.

The additional 13 hubs announced on Tuesday take the total number planned to 25. However, of the first wave of 12 hubs, only two are in operation: in Rochford in Essex and Cambuslang, on the edge of Glasgow.

The other 10 already announced are expected to open over the next few months. It is understood that in some cases it has been taking longer than anticipated to find a suitable property for the shared branch or get the selected building ready."

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And this bit, which did make me smile.

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"The Cash Action Group includes senior representatives from big banks including Barclays, HSBC, Lloyds and NatWest.

The action group and Link said the Rochford and Cambuslang hubs “have proved extremely popular, with usage more than doubling since they have opened”.

They added: “As the impact of the cost of living crisis becomes increasingly apparent, the hubs are likely to become an ever more important resource, particularly in communities with minimal or limited cash access or banking facilities.”"


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Subject: RE: BS: Bank Branch Closures
From: Senoufou
Date: 06 Sep 22 - 02:18 AM

How interesting Rain Dog! So despite all the closing branches, the banks' employees are finding work in 'hubs'? I wonder if Norwich is due to have one? Perhaps it might be an idea to have just one single 'Bank company' throughout the UK, with one branch in each town, a sort of amalgamation/conglomerate? 'THE Bank'.


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Subject: RE: BS: Bank Branch Closures
From: Rain Dog
Date: 31 Jul 23 - 03:23 AM

From The Guardian today

UK banks are closing more than 1,000 accounts every day

"Banks are closing more than 1,000 accounts every working day, according to new data that has fuelled the growing row over so-called “debanking” and prompted Nigel Farage to call for a royal commission to investigate what he said was a scandal.

Hours after the former Ukip leader revealed he was spearheading a website to campaign on behalf of people whose accounts had been shut, data revealed a big jump in the numbers of customers dumped by their bank."

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Since i first posted, HSBC have now closed in town. That does leave us with NatWest, Lloyds, Nationwide, Santander and the Post Office. Luckier than most.

I do still use my NatWest branch every week and there are always other customers there too.


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Subject: RE: BS: Bank Branch Closures
From: Rain Dog
Date: 28 Mar 24 - 07:21 AM

Received a letter from NatWest today, telling me that their Dover branch will be closing 16th July.

I was at the bank yesterday and as usual there were other customers using the bank. Nearly 99‰ of the times I visit the bank, there are customers waiting to speak to a member of staff.

With the branch closing it will mean one less ATM in the town.

Nearest NatWest branch is in Folkestone, 7.4 miles away. I might have to reconsider applying for my bus pass.


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Subject: RE: BS: Bank Branch Closures
From: DMcG
Date: 28 Mar 24 - 07:30 AM

I got a letter saying my branch in Rainham, Kent, is closing. Since I haven't lived near there for around forty years, it has been the branches near where I have lived that has affected me more.

Quite I lot of places nearby have a travelling bank that arrives once a week then departs half an hour later. Not exactly a long time if more than one person has a matter to discuss.


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Subject: RE: BS: Bank Branch Closures
From: Bill D
Date: 30 Mar 24 - 02:03 PM

Years ago in New Jersey, they closed the "Long Branch branch" of the "Red Bank bank".


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Subject: RE: BS: Bank Branch Closures
From: Tattie Bogle
Date: 03 Apr 24 - 08:00 PM

A huge number of bank closures around here in the last few years, but escalating in the last 2-3 years. Royal Bank of Scotland, Bank of Scotland, Santander and others. We now have to either drive 8 miles west to Livingston or jump on a bus to central Edinburgh - 45 minute ride ( don’t even think about taking your car into town!)
I have probably been guilty of encouraging this trend, by taking up internet banking a good few years ago. But now, if you want to make a bigger payment or withdrawal, it seems you either have to spend hours on the phone and subject yourself to the Spanish Inquisition or go to a branch and subject yourself to the same. We recently had some roof repairs done which cost a good few thousand, and we had the money in the bank. Checked the bank website for how much were allowed to pay in a single payment - up to £25,000, it said, well more than enough - went to pay the bill online - payment refused, account locked, VERY long phone call to get account unlocked and payment made. THEN they tell us there’s a £5000 limit on any individual transaction! This had NEVER been previously advised to us by email, letter, leaflet or any other means. Of course it’s because of all these scammers about, as well as the banks now being told that they do have to reimburse customers who have lost money to scammers. But it’s hard on those of us trying to make a totally legitimate transaction with OUR money!


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Subject: RE: BS: Bank Branch Closures
From: Stilly River Sage
Date: 03 Apr 24 - 10:42 PM

My banking changed a lot during COVID; I switched over to using the app on my phone to deposit checks instead of driving by the credit union. I get cash from their ATMs on occasion, though I shop for my ex often and he pays me back with cash so I have enough for walking around in my wallet.

Coins - I rarely handle them. They go into my back jeans pocket and when I get home are dropped into a box in the kitchen. One of these days I'll have to take them somewhere (rolled up by me first) and exchange them for bills.

Tying into what Tattie said, I was in the credit union one day and the customer in front of me was trying to get cash for gift cards and it was clear to the teller that they were being purchased because the customer was being scammed, but she had to be careful in telling him what she could and couldn't do as far as his request. Heartbreaking.


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Mudcat time: 25 May 1:37 PM EDT

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