HSBC has announced the closure of 114 bank branches in 2023, leaving customers wondering which HSBC branches are closing?
The impact of the pandemic and other recent economic challenges has led to a loss of some familiar high street stores, with consumers asking which M&S stores are closing (opens in new tab), as well as which Wilko stores are closing (opens in new tab). There are also plans for some NatWest banks to close (opens in new tab) and some Lloyds (opens in new tab) branches too as a result of a growth in online banking.
In spring 2022, HSBC announced that it also would be closing 69 of its branches across the UK. But now, on 30 November, the bank has announced that a further 114 sites are set to close from April. Jackie Uhi (opens in new tab), the head of HSBC UK’s Branch Network, explained, "People are changing the way they bank and footfall in many branches is at an all-time low, with no signs of it returning. Banking remotely is becoming the norm for the vast majority of us."
Why is HSBC closing branches?
HSBC are closing bank branches because of an increase in people using online banking. This has led to declining demand for over-the-counter transactions and HSBC has said that some branches due to shut have been dealing with fewer than 250 customers a week.
The bank has said that it will now invest tens of millions of pounds in updating and improving its remaining branch network, though around 100 jobs are expected to be lost.
Jackie Uhi said of the closures: "The decision to close a branch is never easy or taken lightly, especially if we are the last branch in an area, so we've invested heavily in our 'post-closure' strategy, including providing free tablet devices to selected branch customers who do not already have a device to bank digitally, alongside one-to-one coaching to help them migrate to digital banking."
Unite the union has criticised HSBC's decision to close more branches, with national officer Dominic Hook saying: "This hugely profitable financial institution is walking away from the customers and communities who most need access to local banking services."
He added, "Without any corporate social responsibility to require banks to stay on our high streets to help the elderly, disabled or vulnerable, then access to cash and banking will be lost forever."
Which HSBC branches are closing?
- 18th April - Blandford Forum, Bexhill-on-Sea, Abergavenny, Cromer, St Ives, St Austell
- 25th April - Bristol Downend, Leominster, Market Bosworth, Alton, Shaftesbury
- 2nd May - Wilmslow, Whitley Bay, Coleraine, Bideford, Gainsborough, Launceston
- 9th May - Arnold, Didcot, Brecon, Minehead, Dover
- 16th May - Stamford, Whitby, Halesowen, Stroud, Brighouse
- 23rd May - Bridport, Hove, Fakenham, Sudbury, Liskeard
- 30th May - Bristol Filton, Dundee, Waltham Cross, Hinckley Road, Leicester, Market Harborough, Stourport-on-Severn
- 6th June - Stirling, Frome, Chepstow, Pocklington, Knutsford, Portadown
- 13th June - Skipton, Sleaford, Penarth, lkley, Honiton, South Shields
- 20th June - Twickenham, Ross-on-Wye, Hertford, Wells, Bicester, Oakham
- 27th June - Lewes, Pontypool, Beccles, St Neots, Wadebridge, New Milton
- 4th July - Portishead, Coalville, Droitwich, Leatherhead, Palmers Green
- 11th July - Park Gate Southampton, Wetherby, Port Talbot, Kingswinford, Long Eaton
- 18th July - Bromborough, Gosforth, Harpenden, Bognor Regis, Horsforth, Marlow
- 25th July - Christchurch, Seaford, Blackwood, Norwich Mile Cross, Ripley, Tonbridge
- 1st August - Bristol Westbury-on-Trym, Kenilworth, Putney, Ormskirk, Ashton-under-Lyne
- 8th August - Reigate, North Finchley, Cirencester, Henley-on-Thames, Denbigh
- 15th August - Finchley Road, Bethnal Green, Hornchurch, Colwyn Bay, Chippenham
- 22nd August - Dorchester, Morley, Wymondham, Ryde, Windsor
- 29th August - Cardiff Rhydypenau, Leighton Buzzard, Eastwood
HSBC has also announced that branches in Oxted, Hythe, Epworth, Cowbridge, Holsworthy, Settle and Tenby will also close, but a date for these has not been confirmed.
Which HSBC branches have already closed?
- 19th July - City of London, Westfield Stratford City, New Bond Street
- 21st July - Cambridge, (Hills Road), Moorgate, Angel Islington
- 26th July - Gloucester Road, Monmouth, Perth
- 28th July - Hammersmith, Merry Hill, Woking
- 2nd August - East Grinstead, Peckham, Farnham
- 4th August - Beaconsfield, Street, Lymington
- 9th August - Sidcup, Thame, Hoddesdon
- 11th August - Birmingham, (Harborne), Londonderry, Uckfield
- 16th August - Leyland, Omagh, Borehamwood & Elstree
- 18th August - Golders Green, Stowmarket, Eltham
- 23rd August - Wellingborough, Amersham-on-the-Hill, Bishop Auckland
- 25th August - Ashby-de-la-Zouch, Woodbridge, Thornbury
- 1st September - New Malden, Hartlepool, Keynsham
- 6th September - Pinner, Dewsbury, Barking
- 8th September - Newmarket, Billericay, Beckenham
- 13th September - Sidmouth, Burgess Hill, Daventry
- 15th September - Strood, Nottingham (West Bridgford), Ellesmere Port
- 20th September - St Annes-on-Sea, Ringwood, Pontefract
- 22nd September - Ilkeston, Petersfield, Whitehaven,
- 27th September - Hampstead, (High Street), Inverness, Wandsworth
- 29th September - Manchester (Didsbury), Bristol (Whiteladies Road), Shirley.
- 4th October - Herne Bay, Manchester (Trafford Park), Cardiff (Canton)
- 6th October - Falmouth, Bootle.
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