Santander has confirmed that 111 of its financial institution branches will completely shut in the UK, following an uptake of on-line banking.
The financial institution says that buyer behaviour for the reason that pandemic has modified, with extra folks on-line banking and with much less demand for particular branches.
And the vast majority of the branches instructed to shut are lower than three miles from one other department.
Santander mentioned department transactions fell by 33 per in the 2 years earlier than Covid-19 even struck, and transactions declined by an extra 50 per cent in 2020.
With many banks shutting throughout the nation, branches in Rickmansworth, Harrow, Enfield, and Leytonstone are amongst these instructed to shut.
Here is an inventory of Santander branches shutting in Hertfordshire, north west London, east London and elements of Essex:
Hertfordshire:
Rickmansworth 107-109 High Street, Rickmansworth WD3 1EG – 1 July 2021
Harpenden 31a High Street, Harpenden AL5 2RU – 22 July 2021
Hatfield 11 Town Centre, Hatfield AL10 0NY – 1 July 2021
Letchworth 12-14 Central Approach, Letchworth SG6 3DJ – 5 August 2021
North and north west London:
Pinner 27 Bridge Street, Pinner HA5 3JW – 8 July 2021
South Harrow 285-287 Northolt Road, Harrow HA2 8JS – 22 July 2021
Wembley Preston Road 223 Preston Road, Wembley HA9 8XD – 29 July 2021
Enfield Hertford Road 199 Hertford Road, Enfield EN3 5JH – 5 August 2021
Finchley High Road 760 High Road, Finchley N12 9QH – 24 June 2021
Mill Hill 45 The Broadway, Mill Hill NW7 3DJ – 15 July 2021
Southgate 6 Chase Side, Southgate N14 5NY – 22 July 2021
East London / Essex:
Chingford Old Church Road 35 Old Church Road, Chingford E4 6SJ – 1 July 2021
Leytonstone 662 High Road, Leytonstone E11 3BD – 12 August 2021
Adam Bishop, head of branches at Santander, mentioned: “Branch utilization by prospects has fallen significantly over latest years so we now have made the troublesome determination to consolidate our presence in areas the place we now have a number of branches comparatively shut collectively.
“We will present each help to prospects of closing branches to discover other ways to financial institution with us that greatest go well with their particular person wants.
“We are additionally working alongside our unions to help colleagues by means of these modifications and to discover different roles for these impacted wherever attainable.
“We proceed to consider that branches have an essential position to play and we anticipate the dimensions of our community to stay secure for the foreseeable future.”
The Communication Workers Union mentioned it had reached a ground-breaking settlement with Santander on new methods of working which is able to protect jobs and keep away from obligatory redundancies that might in any other case have been “inevitable”.
