HSBC to close 82 branches this year

[19-01-2021 02:16 PM]

Ammon News - 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.

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.

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.


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