Bank closures cut off communities forcing customers to travel 40 miles for branch

Asia's Tech News Daily

Bank closures cut off communities forcing customers to travel 40 miles for branch
© Daily Mirror/Andy Stenning Margaret and Brendon Brundrett now face a 40 minute round-trip to their nearest bank branch

A queue of people shiver in the cold as they wait their turn for the Lloyds Bank cash machine in Atherton’s market square.

A sign on the glass doors says the bank closed today at 3pm. But customers know the branch will soon shut forever, leaving not one bank for miles around.

The town’s market square was once home to a dozen banks, including NatWest, Santander and RBS.

But over the last four years all but one have shut, and in March residents will lose the last remaining bank after Lloyds announced theirs is among 44 branches to go in the latest round of closures.

More and more communities are losing the only bank in town, creating so-called “bank deserts”, that cause serious problems for the elderly and small businesses.

Just this week TSB announced another 70 branch closures by the end of June.

It means the bank, which had 475 branches just over a year ago, will be left with 220 high street branches around the country.

Among those in the queue in Atherton, Gtr Manchester, are Bernard Brundrett , 84, and wife Margaret, 81, who sadly point out the buildings around the square which used to be banks. Some are boarded up, while others have now been turned into shops or eateries.

The couple say they now face a 40-minute round trip to another town, Leigh, to get to their nearest branch.

Bank closures cut off communities forcing customers to travel 40 miles for branch
© Daily Mirror/Andy Stenning Carol Minton likes to go inside her bank and chat to staff

Bernard says: “I go to the bank weekly. It’s the last bank we had, you used to have a choice of three or four.”

Margaret says: “We’ll miss it, won’t we? You can talk to them here, you know them and it’s easier. It’s nice to know they’re there when you have problems.”

Carol Minton, a 61-year-old carer who has lived in the town since 1985, agrees. She says: “They know you by your name when you go in.

“They say, ‘Right Carol, what you having?’ I don’t bank online, I’m hopeless. I like to go inside a bank to draw my money out as I think it’s safer. We’ll have to go out of our way to do that.”

Julian Cooke, 63, a retired driver, describes the bank’s closure as “ridiculous”. He says: “It’s a disgrace, what else can you say?

“They’re part of the community aren’t they, a bank? One of my close friends, he does business there and obviously he’s going to have to go into Leigh now.

“He’s a contractor and it’s going to inconvenience him a lot.”

But not everyone cares that Atherton, which has a population of 22,000, will lose its last bank.

Stuart, who did not give his full name, says: “I don’t really mind, it won’t be missed by me. Because of internet technology now I don’t have to use the inside of a bank.

“Looking at the argument going on on the Atherton website, it’s not so much about the bank, but the need to withdraw cash. There isn’t that need any more – I don’t really use cash.”

Around 500 towns and villages are down to their last bank branch, including 200 places which would be severely cut off if it were to close.

Banks and building societies have been closing at a rate of 50 a month, down 4,299 branches since 2015.

Barclays has reduced its network most in that time, and will have closed 650 branches by the end of 2021.

ATMs, meanwhile, are closing at a rate of 578 a month, with people living in 259 postcodes having little or no access even to a hole-in-the-wall ATM.

There is also a North-South divide, with communities in the north of England more likely to have no bank.

Among the 14 towns for which the latest Lloyds closures means losing their last remaining bank, 10 are in the North or Midlands.

On the other hand, of those places that will still have two or more banks after the Lloyds branch closes, 19 out of 23 are in the South.

In Scotland, more than a third of banks have closed in the last six years, with 396 branch closures from January 2015 to August 2019.

And in Wales, the number of bank branches has almost halved from around 715 in 2010 to 370.

Among the communities with no bank is Hale, Gtr Manchester, 20 miles from Atherton. Hale’s last bank, Barclays, closed last December.

A dapper gent who gives his name as Michael says: “We used to have six banks. All gone. The life saver is the post office. If I want cash, I go there.”

In another part of the country, ­residents in Ware, Herts, have had to make do without a bank since the last one, TSB, closed in February.

The town of 18,000 people lost all six of its high street banks in just four years. Vic and Vera Martin, both 79, are among those who are reluctant to bank online.

Vic says: “At our age we’re nervous because there is a lot of fraud.

“If I was phoned by someone and I thought it might be a scam I could always say I was going into the bank, but now that’s impossible.”

For binman Brian Galloway, 57, it causes different problems.

He says: “I’m a tiler on the side and often clients pay me cash. But without a bank I can’t just deposit it on my way home, I have to hold on to it.

“Also, because there are no banks people don’t come into town as much, so the town centre is slowly dying.”

Abbas Arza, 32, owner of Gadgetech 94 on High Street, agrees and says the bank exodus costs him customers and money.

He says: “When I opened four years ago the town was really busy, but as the banks have closed there are fewer people coming in.

“They go to Hertford instead, where they can do their banking and ­shopping at the same time.”

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Matt Turner's one-word Tottenham verdict that Arsenal fans will love amid talk of £5.5m transfer

Arsenal could be about to sign a goalkeeper for the fourth transfer window in a row, amid links to Matt Turner. After selling Emiliano Martinez to Aston Villa in the ... Read more »

Billionaire investor Carl Icahn says red-hot inflation won't derail his investment approach — but thinks some stock valuations are 'out of this world'

© Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Billionaire investor, Carl Icahn. Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Carl Icahn told CNBC Thursday he won’t let problems with inflation ... Read more »

'Finished', 'Needs to go' - Many Rangers fans fume over 'ridiculous' team news before Stirling

Many Glasgow Rangers fans have been left fuming over some early team news ahead of their game at home to Stirling Albion in the Scottish Cup on Friday night. © ... Read more »

The Truth About The Death Of Meat Loaf

Anthony Harvey/Getty Images Actor and musician Meat Loaf is dead, as reported on January 20, 2022 by Deadline. The 74-year-old’s cause of death will reportedly not be released, though it’s ... Read more »

Sky Sports pundit predicts the outcome of Swansea City's showdown with Preston North End

Swansea City will be looking to build upon the point that they earned during last weekend’s clash with Huddersfield Town when they face Preston North End in the Championship tomorrow. ... Read more »

'Is Moshiri completely losing it?' - These Everton fans fume over Paul Joyce's manager update

© Provided by Transfer Tavern Frank Lampard Some Everton fans have been left fuming over some manager news involving Frank Lampard. Writing earlier in the week for The Times, which ... Read more »

Sir Alex Ferguson's team talk before Michael Carrick's Man Utd testimonial in 2017 is brilliant [video]

Sir Alex Ferguson is renowned for being one of the most successful football managers of all time. During a 27-year tenure at Manchester United, the Scot went on to win ... Read more »

Why the voice of the Mets Gary Cohen can't quit college basketball

SNY Sign up here to get Inside the Mets delivered to your inbox each Friday morning. Gary Cohen’s smile is audible through the phone as he discusses his scheduled return ... Read more »

What time does Fifa 22 TOTY come out today and full list of players in it

With the FIFA 22 Team of the Year (TOTY) officially ending, the results will be released soon. It includes the likes of Lionel Messi, Robert Lewandowski, Cristiano Ronaldo and many ... Read more »

Video: Multimillionaire wine tycoon behind Kumala and Journey's End wines is locked in a bitter court fight with his businessman neighbour who sued him for not putting CURTAINS in his £3.2million Kensington flat

Read more »

AFC Bournemouth eyeing deal for 23-year-old Huddersfield Town man

© Provided by Football League World FA Cup Third Round – Burnley v Huddersfield Town Bournemouth are keeping an eye on Josh Koroma at Huddersfield and could try and bring ... Read more »

Joe Mantegna Reflects On Criminal Minds And His New Series As We See It - Exclusive Interview

JC Olivera/Getty Images Joe Mantegna has done it all during his nearly 50-year career. He’s won a Tony Award for appearing in the Pulitzer Prize-winning play “Glengarry Glenn Ross,” voiced ... Read more »

ECB's Lagarde sticks to benign view of inflation

© Reuters/KAI PFAFFENBACH FILE PHOTO: ECB President Lagarde takes part in a news conference, in Frankfurt FRANKFURT (Reuters) – Euro zone wage demands remain modest enough to support the European ... Read more »

Major incident in London stood down but mayor urges caution over Omicron

© Dominic Lipinski Mayor of London Sadiq Khan praised NHS staff (PA) The major incident declared in London last month as Omicron spread across the capital has been stood down. ... Read more »

Telegraph readers remember Meat Loaf: 'What a legacy to leave'

© Keystone/HULTON ARCHIVE American rock singer Meat Loaf performing, circa 1977. (Photo by Keystone/Hulton Archive/Getty Images) – Keystone/HULTON ARCHIVE US heavyweight rock singer, Meat Loaf, whose hits included Bat Out ... Read more »

Adele’s Las Vegas cancellation is a disaster – for her and the music industry

© Twitter Go easy on her: Adele making her video apology – Twitter On a personal level, it’s hard not to feel desperately sorry for Adele. The 92-second video she ... Read more »

ESPN's Dan Graziano reveals current favorites for Bears head coach job

© Provided by Bears Wire The Bears are in the middle of their head coach and general manager search after firing Matt Nagy and Ryan Pace last week, where they’ve ... Read more »

COVID Boosters Keep Older Americans Out of Hospitals: CDC

© Provided by HealthDay FRIDAY, Jan. 21, 2022 (HealthDay News) — The risk of hospitalization for COVID-19 among older Americans is far higher for those who are unvaccinated than for ... Read more »

Boris Johnson news - live: No 10 not investigating blackmail claims as Tories fighting ‘like ferrets in sack'

LIVE – Updated at 13:09 The government is not investigating claims that some Tory MPs were “blackmailed” by its whips, despite a minister’s call for an inquiry into the claims. ... Read more »

Sheridan Smith in tears over new role

© Bang Showbiz Sheridan Smith in tears over her new role ‘No Return’ star Sheridan Smith cried over her new role now she’s a mum herself. The 40-year-old actress admitted ... Read more »

Biden plans new effort to retain international science and tech students

© Reuters/JONATHAN ERNST FILE PHOTO: U.S. President Biden holds a meeting with his Infrastructure Implementation Task Force at the White House in Washington WASHINGTON (Reuters) – The Biden administration plans ... Read more »

Exclusive-Islamist attacker's suspected accomplices used crypto exchange Binance, German police say

© Reuters/DADO RUVIC FILE PHOTO: Binance app is seen on a smartphone in this illustration By Angus Berwick and Tom Wilson LONDON (Reuters) – Two men suspected by Germany of ... Read more »

Amanda Holden shares stunning snap of her Britain's Got Talent auditions outfit and fans can't believe she's 50

Amanda Holden has shared a snap of her Britain’s Got Talent auditions outfit and fans can’t believe how great she looks. The Heart Breakfast presenter and Britain’s Got Talent judge, ... Read more »

Tessa Thompson named new face of Armani Beauty

© Bang Showbiz Tessa Thompson is the new face of Armani Beauty Tessa Thompson is fronting the new Armani Beauty campaign. The ‘Passing’ star has praised the band’s rich “variety ... Read more »

This simple product helped my diastasis recti

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. Having a baby is tough. But what’s not talked about nearly ... Read more »

Meat Loaf was ‘seriously ill' with COVID days before his death: report

Singer-songwriter Meat Loaf pictured visiting SiriusXM Studios on August 21, 2019 in New York City Roy Rochlin/Getty Images Rock legend Meat Loaf was “seriously ill” with COVID-19 just days before ... Read more »

What channel is Watford vs Norwich? Kick-off time, TV channel and live stream details

Watford and Norwich will lock horns on Friday night in the Premier League as both sides go in search of a huge three points in their bids to beat the ... Read more »

Audi 7-Sitzer-SUV erwischt und wir glauben es ist der Q6

© Motor1.com Hersteller Audi dreireihiger SUV für China Spionage-Foto Gesichtet wurde dieses mysteriöse Q-Modell jetzt schon häufiger. Spekulationen darüber gibt es reichlich. Selbst ein neues Super-Flaggschiff-SUV wurde schon in ihm ... Read more »

Juan Castillo starts: The predicted Charlton Athletic XI to face Fleetwood on Saturday

Charlton Athletic have the chance to put a four game winless run behind them in League One when they welcome Fleetwood Town to The Valley on Saturday. The Addicks have ... Read more »

Rangers winger makes England move confession as he encourages fellow Scots to make jump

Rangers winger Josh McPake reckons getting out of his comfort zone in Scotland has been great for his development as he encouraged other youngsters to take the plunge down south. ... Read more »

Is Paris Planning To Outright Ban All Gas-Powered Two-Wheelers?

© RideApart.com France By Hyperstrada It’s all a matter of noise pollution this time. Paris has long been in the center of a tectonic shift in urban mobility. The city ... Read more »

Video: World's longest-lasting BUBBLE maintains its shape for a record 465 days - 11,160 times longer than the soap varieties 

Read more »

Leeds v Newcastle: match preview

Can Eddie Howe choreograph Newcastle’s second win of the season before their flight to Saudi Arabia for a warm weather training camp on the Red Sea coast near Jeddah on ... Read more »

What's On The Bookshelf: Books to curl up with and read this winter

© Motivate Publishing READING Four very different but equally immersing works of fiction.. The cloudy skies and cold breeze ensure that people in UAE can also enjoy some elusive sweater ... Read more »

Western Cape: Moderate pass rate increase lauded but support called for in ailing Metro East district

The Western Cape Education Department is celebrating the release of the 2021 matric results which saw the province achieve the highest number of students gaining Bachelor’s passes. © Copyright (c) ... Read more »

Pete Doherty shares new song with Frédéric Lo inspired by getting clean

© Bang Showbiz Pete Doherty and Frederic Lo drop new single Pete Doherty’s new single with Frédéric Lo was penned while he was “white-knuckling it with drugs”. The Libertines and ... Read more »

‘I think there will be a war’: Ukrainians wait for worst as eleventh-hour talks start

The last throws of the diplomatic dice are taking place in an increasingly desperate attempt to avoid a war in Europe amid grim warnings that Vladimir Putin will order an ... Read more »

Meat Loaf 'seriously ill with COVID-19' before death

© Bang Showbiz Meat Loaf reportedly had COVID-19 Meat Loaf reportedly died after contracting COVID-19. The ‘Bat Out Of Hell’ hitmaker’s team announced he had passed away on Thursday (20.01.22) ... Read more »

Naomi Osaka lost at the Australian Open, then immediately said she's going to delete Instagram and Twitter

© Robert Prange/Getty Images Naomi Osaka leaves the court after losing to America’s Amanda Anisimova in the third round of the 2022 Australian Open. Robert Prange/Getty Images Naomi Osaka was ... Read more »

Starting Daryl Dike, Kyle Bartley's fitness & Dara O'Shea's West Brom's plan

Kyle Bartley is set to return to West Brom’s starting XI for the visit of Peterborough on Saturday. Centre half Bartley was an absentee – one of five defenders to ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic