HSBC branch closures: The full list of 114 banks to shut
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HSBC will try to redeploy affected staff, but said about 100 people would lose their jobs. Photo: Neil Hall/Reuters
Banking giant HSBC (HSBA.L) has announced plans to shut a further 114 UK branches from April next year.
The group stressed that it hopes to redeploy all its employees at affected branches to other roles within HSBC, either to other branches or to a different position.
It plans to speak to all staff in the branches due to close but it estimates that around 100 employees could leave.
Read more: HSBC raises rate on savings account from 1% to 5%
The sites will shut from April next year, with HSBC saying customer use has fallen significantly since the pandemic, as more people turn to online banking.
Wilmslow, Hove, and south west London are some of the areas which will lose an HSBC branch later in the year.
HSBC said it will invest tens of millions of pounds in updating and improving its remaining 327 branches.
Read more: HSBC to shut 69 bank branches with 400 jobs affected
Jackie Uhi, HSBC UK’s 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. Banking remotely is becoming the norm for the vast majority of us.
“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.”
It comes just months after HSBC announced the closure of 69 UK branches. This was on top of the 82 branches axed last year in total – including a number in central London.
HSBC said 97.5% of all its banking transactions now take place online.
Read more: NatWest: Full list of bank branches closing
The full list of HSBC branches shutting down is:
April
Blandford Forum 18/04/2023
Bristol Downend 25/04/2023
Bexhill on Sea 18/04/2023
Leominster 25/04/2023
Abergavenny 18/04/2023
Market Bosworth 25/04/2023
Cromer 18/04/2023
Alton 25/04/2023
St Ives 18/04/2023
Shaftesbury 25/04/2023
St Austell 18/04/2023
Story continues
May
Wilmslow 02/05/2023
Stamford 16/05/2023
Whitley Bay 02/05/2023
Whitby 16/05/2023
Coleraine 02/05/2023
Bridport 23/05/2023
Bideford 02/05/2023
Hove 23/05/2023
Gainsborough 02/05/2023
Fakenham 23/05/2023
Launceston 02/05/2023
Sudbury 23/05/2023
Arnold 09/05/2023
Liskeard 23/05/2023
Didcot 09/05/2023
Bristol Filton 30/05/2023
Brecon 09/05/2023
Dundee 30/05/2023
Minehead 09/05/2023
Waltham Cross 30/05/2023
Dover 09/05/2023 11
Hinckley Road 30/05/2023
Halesowen 16/05/2023
Market Harborough 30/05/2023
Stroud 16/05/2023
Stourport on Severn 30/05/2023
Brighouse 16/05/2023
June
Stirling 06/06/2023
Twickenham 20/06/2023
Pocklington 06/06/2023
Ross on Wye 20/06/2023
Chepstow 06/06/2023
Hertford 20/06/2023
Knutsford 06/06/2023
Wells 20/06/2023
Frome 06/06/2023
Bicester 20/06/2023
Portadown 06/06/2023
Oakham 20/06/2023
Penarth 13/06/2023
New Milton 27/06/2023
Ilkley 13/06/2023
Lewes 27/06/2023
South Shields 13/06/2023
Pontypool 27/06/2023
Skipton 13/06/2023
Beccles 27/06/2023
Honiton 13/06/2023
St Neots 27/06/2023
Sleaford 13/06/2023
Wadebridge 27/06/2023
July
August
Bristol Westbury on Trym 01/08/2023
Bethnal Green 15/08/2023
Ormskirk 01/08/2023
Hornchurch 15/08/2023
Putney 01/08/2023
Colwyn Bay 15/08/2023
Ashton under Lyne 01/08/2023
Dorchester 22/08/2023
Kenilworth 01/08/2023
Morley 22/08/2023
Reigate 08/08/2023
Wymondham 22/08/2023
North Finchley 08/08/2023
Ryde 22/08/2023
Cirencester 08/08/2023
Windsor 22/08/2023
Henley on Thames 08/08/2023
Cardiff Rhyd y Penau 29/08/2023
Denbigh 08/08/2023
Leighton Buzzard 29/08/2023
122 Finchley Road 15/08/2023
Eastwood 29/08/2023
Chippenham 15/08/2023
Branches that will close but no date has been decided yet
Oxted
Hythe
Epworth
Cowbridge
Holsworthy
Settle
Tenby
It follows similar announcements by peers such as Lloyds Banking Group in recent months as banks slash their networks to try and cut costs.
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