Barclays will close 15 more locations this year, bringing the total number of locations closing in 2022 to 132.
As more banking is done online, fewer people are using Barclays’ branches, and the expense of maintaining them is too high.
The bank announced that it would close some of its underutilized branches because more and more of its customers were choosing to conduct their banking activities online.
According to a statement made this week, 15 Barclays locations will close.
Less than a month had passed since Barclays made the announcement that tens of UK branches would close in 2022.
Barclays asserted that less than 10% of transactions are now completed in physical locations, and that more than 70% of banking activity can be completed online.
Customers can still get in-person assistance, according to the bank, through the Post Office, pop-up branches, and locations in neighborhood establishments like community centers, libraries, and business hubs.
“We continue to review and adjust our branch footprint to ensure that it reflects the way that our customers are increasingly choosing to do their banking,” a Barclays spokesperson said.
When a branch closes, “We will always give twelve weeks’ notice, explaining the decision and highlighting alternative branches and ways to bank.”
It is not the only bank that has started closing its doors.
Santander recently stated that it would be reducing its branch opening hours beginning in mid-July and justified the move by stating that it was in response to “long-term trends in customer behavior.”
This came after Nationwide announced that eight of its freephone helplines would be discontinued.
About 300 bank locations will close this year in total, with closures announced by HSBC, NatWest, TSB, and Lloyds.