HSBC to close 82 branches this year – here’s the full list

HSBC plans to shut 82 branches this year as more and more customers do their banking online.

The branches will shut from various dates between April and September, and are located in cities including London, Manchester and Leeds.

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HSBC said 81 of the affected branches are within one mile of a Post Office, where customers can carry out day-to-day transactions.

Meanwhile, two-thirds are within five miles of another HSBC branch and nine in ten are within 10 miles.

The move will reduce the number of HSBC branches to 511.

The Sun has asked HSBC how the closures will affect staff and whether any jobs are at risk, and we’ll update this article once we hear back.

As part of the changes, HSBC will introduce a new system with four types of branches.

It includes full service branches and cash service branches where the focus is on cash alongside simple over-the-counter servicing.

HSBC is also introducing digital service branches, which will use self-service technology, as well as temporary pop-up venues later this year.

It comes as HSBC closed 27 branches last summer, which reduced its network to 594 in total.

Campaigners have previously raised concerns about the widespread closure of both bank branches and ATMs.

Consumer group Which? found that two-thirds of people would find life difficult without convenient access to a branch.

It also showed that 11million people lack the confidence to carry out basic banking tasks online.

Jackie Uhi, HSBC UK’s head of network said: “The direction of travel is really quite clear and this is borne out by the reduction in branch usage and increase in digital interaction that we are seeing first-hand.”

“The Covid-19 pandemic has emphasised the need for the changes that we are making.

“Making sure we have a sustainable branch network is essential to us, and decisions to close branches are not taken lightly.

“By ensuring we have the most suitable branch format in each specific local market that we serve, we will ensure that we are in good shape to meet the challenges ahead.”

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In September, TSB announced plans to close 164 branches, with the loss of more than 900 jobs.

Meanwhile, Halifax and Bank of Scotland closed 56 branches last year too.

As of March 2020, more than 8,700 free ATMs had been axed since January 2018, while more machines than ever were charging for withdrawals.

This post first appeared on thesun.co.uk