| Who goes into a bank 20:30 - Feb 11 with 1637 views | gtsb1966 |
Lloyds closing 95 branches but to be honest I'm a Lloyds customer but I haven't needed to go into the bank once in the last 10 years. I think its a shame but you can see why they are disappearing.
https://www.bbc.co.uk/news/art |  | | |  |
| Who goes into a bank on 20:34 - Feb 11 with 1379 views | J2BLUE |
Not sure what need there is to go into a bank these days. Can pay money in at the Post Office. The internet and mobile phones have basically made banks obsolete. [Post edited 11 Feb 20:56]
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| Who goes into a bank on 20:42 - Feb 11 with 1326 views | gtsb1966 |
| Who goes into a bank on 20:34 - Feb 11 by J2BLUE |
Not sure what need there is to go into a bank these days. Can pay money in at the Post Office. The internet and mobile phones have basically made banks obsolete. [Post edited 11 Feb 20:56]
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Hard for them to sell many of the buildings i would've thought. Lots are listed and what do they do with the ones in town centres. | | | |
| Who goes into a bank on 20:45 - Feb 11 with 1310 views | hoppy |
| Who goes into a bank on 20:42 - Feb 11 by gtsb1966 |
Hard for them to sell many of the buildings i would've thought. Lots are listed and what do they do with the ones in town centres. |
A swarm of Wetherspoons? |  |
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| Who goes into a bank on 20:48 - Feb 11 with 1293 views | Bent_double |
Went into my Santander today to pay cash in. Its only open Mon, Wednesday and Fridays now.
There were 6 or 8 other customers in there, all of an advanced age, I would say. |  |
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| Who goes into a bank on 20:50 - Feb 11 with 1289 views | brazil1981 |
As part of work I’m involved with a lot of over 65 OAPs (a big chunk of the population), most really struggle with online and phone banking. They also prefer to get cash etc from the counter as they worry about scams etc using ATMs, and appreciate the face to face interaction at the counter!
Obviously the banks don’t regard this demographic as important as most are closing branches. Nationwide in Felixstowe has picked up many new customers in last year as it’s the only one open in the high now! |  | | |
| Who goes into a bank on 20:51 - Feb 11 with 1286 views | blueislander |
We have a unique situation here in Guernsey in that only one ATM on the island dispenses UK notes, so when travelling to the mainland we have to go to a branch to get cash. | | | |
| Who goes into a bank on 20:51 - Feb 11 with 1281 views | Bent_double |
| Who goes into a bank on 20:34 - Feb 11 by J2BLUE |
Not sure what need there is to go into a bank these days. Can pay money in at the Post Office. The internet and mobile phones have basically made banks obsolete. [Post edited 11 Feb 20:56]
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Ok, so first the banks close all their branches so ghey can save money.
Then in a few years they'll start closing the post offices too, where does that leave us then?
Not sure why banks need to make even more money by closing all their branches and getting rid of all the staff. | |
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| Who goes into a bank on 20:56 - Feb 11 with 1262 views | Plums |
| Who goes into a bank on 20:50 - Feb 11 by brazil1981 |
As part of work I’m involved with a lot of over 65 OAPs (a big chunk of the population), most really struggle with online and phone banking. They also prefer to get cash etc from the counter as they worry about scams etc using ATMs, and appreciate the face to face interaction at the counter!
Obviously the banks don’t regard this demographic as important as most are closing branches. Nationwide in Felixstowe has picked up many new customers in last year as it’s the only one open in the high now! |
I agree with this. My 89 year old mum has no interest in online banking or over the phone. She's never used an ATM so the closure of her Lloyds branch is going to cause some angst.
She gets cash out at the post office or bank and pays her bills on demand. There must be many like her and they're being ignored.
The banks will have big grand statements about CSR but it's all bull. [Post edited 11 Feb 21:01]
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| Who goes into a bank on 20:58 - Feb 11 with 1237 views | J2BLUE |
| Who goes into a bank on 20:51 - Feb 11 by Bent_double |
Ok, so first the banks close all their branches so ghey can save money.
Then in a few years they'll start closing the post offices too, where does that leave us then?
Not sure why banks need to make even more money by closing all their branches and getting rid of all the staff. |
Why would they close post offices? They do all sorts of things. The banks have no control over them and every one I go into always seems to have a queue. | |
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| Who goes into a bank on 21:06 - Feb 11 with 1155 views | Bent_double |
| Who goes into a bank on 20:58 - Feb 11 by J2BLUE |
Why would they close post offices? They do all sorts of things. The banks have no control over them and every one I go into always seems to have a queue. |
Same reason that banks want to close branches, to cut costs and save money. Then they can pay their top execs/bankers bigger bonuses and higher dividends for shareholders.
Not even sure who owns post offices now. | |
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| Who goes into a bank on 21:18 - Feb 11 with 1066 views | GlasgowBlue |
I have to pay in cash for business banking. The bank my business is with still has a branch in our town but 5 of the other big banks have all closed their branches. If my bank closed I'd have to go into the city centre to bank cash. |  |
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| Who goes into a bank on 21:21 - Feb 11 with 1039 views | J2BLUE |
| Who goes into a bank on 21:06 - Feb 11 by Bent_double |
Same reason that banks want to close branches, to cut costs and save money. Then they can pay their top execs/bankers bigger bonuses and higher dividends for shareholders.
Not even sure who owns post offices now. |
Banks have clear reasons they are closing though. Post Offices don't and likely won't any time soon. | |
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| Who goes into a bank on 21:22 - Feb 11 with 1034 views | Lesta_Tractor |
I've recently moved to Nationwide as NatWest closed their branch in Melton, I don't go in very often but the branch is handy for paying cash in to my daughter's savings account on birthdays and at Christmas |  |
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| Who goes into a bank on 21:31 - Feb 11 with 1005 views | Meadowlark |
| Who goes into a bank on 20:56 - Feb 11 by Plums |
I agree with this. My 89 year old mum has no interest in online banking or over the phone. She's never used an ATM so the closure of her Lloyds branch is going to cause some angst.
She gets cash out at the post office or bank and pays her bills on demand. There must be many like her and they're being ignored.
The banks will have big grand statements about CSR but it's all bull. [Post edited 11 Feb 21:01]
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The first ATM in the UK appeared in 1967, when your mum was about 30 years old, so she's done well to avoid them in the last 60 years! I'm not without sympathy, but I'm about to enter my 8th decade and I have only set foot in a bank a handful of times in the last 20 years or so.
I know people like your mum, I live in Suffolk after all, but I'm more sad about pubs closing than I am about banks closing. |  | | |
| Who goes into a bank on 21:33 - Feb 11 with 983 views | Plums |
| Who goes into a bank on 21:31 - Feb 11 by Meadowlark |
The first ATM in the UK appeared in 1967, when your mum was about 30 years old, so she's done well to avoid them in the last 60 years! I'm not without sympathy, but I'm about to enter my 8th decade and I have only set foot in a bank a handful of times in the last 20 years or so.
I know people like your mum, I live in Suffolk after all, but I'm more sad about pubs closing than I am about banks closing. |
She uses email and can surf the web but for some reason money and transacting with it is something she's never moved with. | |
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| Who goes into a bank on 21:51 - Feb 11 with 866 views | TractorWood |
| Who goes into a bank on 21:22 - Feb 11 by Lesta_Tractor |
I've recently moved to Nationwide as NatWest closed their branch in Melton, I don't go in very often but the branch is handy for paying cash in to my daughter's savings account on birthdays and at Christmas |
You can do basic banking at any post office. Then just transfer it.
This obsession with branches closing is such a non issue. |  |
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| Who goes into a bank on 21:54 - Feb 11 with 853 views | jontysnut |
| Who goes into a bank on 21:31 - Feb 11 by Meadowlark |
The first ATM in the UK appeared in 1967, when your mum was about 30 years old, so she's done well to avoid them in the last 60 years! I'm not without sympathy, but I'm about to enter my 8th decade and I have only set foot in a bank a handful of times in the last 20 years or so.
I know people like your mum, I live in Suffolk after all, but I'm more sad about pubs closing than I am about banks closing. |
I think Reg Varney was the first person in the world to use a cash point |  | | |
| Who goes into a bank on 21:55 - Feb 11 with 850 views | Nthsuffolkblue |
| Who goes into a bank on 20:50 - Feb 11 by brazil1981 |
As part of work I’m involved with a lot of over 65 OAPs (a big chunk of the population), most really struggle with online and phone banking. They also prefer to get cash etc from the counter as they worry about scams etc using ATMs, and appreciate the face to face interaction at the counter!
Obviously the banks don’t regard this demographic as important as most are closing branches. Nationwide in Felixstowe has picked up many new customers in last year as it’s the only one open in the high now! |
This is where I agree with the OP. Who needs a bank?
A bank will pay dividends to shareholders. A building society pays dividends to the customers. Nationwide paid out £100 to each account holder last year. |  |
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| Who goes into a bank on 21:55 - Feb 11 with 849 views | Lesta_Tractor |
| Who goes into a bank on 21:51 - Feb 11 by TractorWood |
You can do basic banking at any post office. Then just transfer it.
This obsession with branches closing is such a non issue. |
Agreed, the only problem is that the post office on our side of town closed too! | |
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| Who goes into a bank on 22:04 - Feb 11 with 819 views | Swansea_Blue |
My parents-in-law want to go into a branch for everything, and they really struggle with online banking and phone lines. It’s an inevitable and obvious decision by the banks, but I just wish they’d held on 10 more years. But then they’re never going to put customers’ needs over profits; it’s just the world we live in.
It’s a shame. There’ll be no reason to go into small town/village centres soon and then the places will die off even more than now, while everyone wrings their hands wondering what’s happened to communities. |  |
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| Who goes into a bank on 22:07 - Feb 11 with 806 views | JakeITFC |
I feel like I had to go to my bank to do the transfer of funds for my deposit of my house purchase a few years ago as it was too much for an online thing unless I’m misremembering. Surely need a base amount of branches available for things like that if I’m not talking complete rubbish. |  | | |
| Who goes into a bank on 22:36 - Feb 11 with 665 views | noggin |
| Who goes into a bank on 21:21 - Feb 11 by J2BLUE |
Banks have clear reasons they are closing though. Post Offices don't and likely won't any time soon. |
Post offices have all closed over here. They now have In store post offices, in supermarkets. These are manned by the supermarkets normal check out staff. |  |
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| Who goes into a bank on 22:46 - Feb 11 with 635 views | Churchman |
| Who goes into a bank on 21:55 - Feb 11 by Nthsuffolkblue |
This is where I agree with the OP. Who needs a bank?
A bank will pay dividends to shareholders. A building society pays dividends to the customers. Nationwide paid out £100 to each account holder last year. |
We had a situation the other month where we were trying to register Mrs Cs accounts for Nationwide online banking. I tried everything using the internet and the phone lines. In the end, they told me a branch was the only place it could be sorted - and it was.
I rarely use branches, but there is a need on odd occasions for certain things. That need lessens if institutions improve their online offerings and their telephone helplines.
With the latter when I was registering the death of my father a couple of years ago the Bereavement lines I used were excellent. Really good service at a time when I did not need to be hanging on the end of a phone for 40 mins listening to bing bong music with no option for them to call me back. When the brother in law passed away in August the service offered by banks etc had deteriorated markedly, especially Lloyds Bank.
In other words I have no particular problem using online services. In fact not having to stand in a queue in a dirty post office to renew one’s car tax etc is a positive pleasure. But they have to work properly, be invested in and improved.
The social impact and changing face of the High Street? I’ve no problem with change but I do wonder what that impact will be and what towns and cities will look like in years to come. |  | | |
| Who goes into a bank on 05:41 - Feb 12 with 450 views | Benters |
| Who goes into a bank on 20:45 - Feb 11 by hoppy |
A swarm of Wetherspoons? |
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| Who goes into a bank on 06:23 - Feb 12 with 408 views | Blue_Heath |
| Who goes into a bank on 20:58 - Feb 11 by J2BLUE |
Why would they close post offices? They do all sorts of things. The banks have no control over them and every one I go into always seems to have a queue. |
Post office hours already restricted in lots of the smaller Post Offices, it really wouldn't surprise me at all if many close down. | |
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