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, as well as which Wilko stores are closing. There are also plans for some NatWest banks to close, the closing of Nationwide branches and some Halifax branches to close 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, 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?
April 2023
- 18th April - Blandford Forum, Bexhill-on-Sea, Abergavenny, Cromer, St Ives, St Austell
- 25th April - Bristol Downend, Leominster, Market Bosworth, Alton, Shaftesbury
May 2023
- 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
June 2023
- 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
July 2023
- 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
August 2023
- 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?
July 2022
- 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
August 2022
- 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
September 2022
- 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.
October 2022
- 4th October - Herne Bay, Manchester (Trafford Park), Cardiff (Canton)
- 6th October - Falmouth, Bootle.
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