HSBC bank in Stroud to shut next year

This follows the closure of Halifax today (Wednesday, November 30) and January’s closure of Barclays. 

The HSBC branch in King Street will close on May 16 next year.

The bank has today (November 30) announced that it will be closing 114 branches in the UK.

In a statement from the bank, it said: “The decline in branch use has accelerated so much since the Covid-19 pandemic that some of the branches closing are now serving fewer than 250 customers a week.”

Jackie Uhi, HSBC UK managing director of UK distribution, said: “People are changing the way they bank and footfall in many branches is at an all-time low, with no signs of it returning.

“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.”

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