Barclays, HSBC, Lloyds, Royal Bank of Scotland and Santander closures all accelerated sharply in the past two years
HIGH street bank branches are shutting at a rate of more than ten a week across the UK.
The move is saving the organisations millions but is leaving older and more vulnerable customers with further to go to reach their nearest branch.
More than 550 outlets are being axed by leading lenders this year, the Daily Mail reports.
These closures are on top of the more than 1,000 that have shut since 2015.
Between 2011 and 2016, the ‘big five’ lenders closed 2,809 branches between them.
Barclays, HSBC, Lloyds, Royal Bank of Scotland and Santander closures accelerated sharply in the past two years.
James Daley, of consumer group Fairer Finance, said: “Banks have to realise they have a social responsibility as well as a responsibility to their shareholders, and I think they need to hold on for longer before closing these branches.
“Bit by bit, a growing number of people are becoming financially excluded and I’m worried nobody is keeping an eye on that.”
WHERE THE BASTARD FELL
Exact spot where on-the-run terrorist who drove van in Barcelona massacre was killed by Spanish police – as mastermind imam behind terror cell is also revealed dead
Warning over black line on nails after ‘beautician spotted it on client now diagnosed with cancer’
‘YOU KILLED MY DAUGHTER!’
Grandpa screams in horror after his mum-of-three daughter is ‘sliced in half’ by a hospital LIFT moments after giving birth
TEEN ‘ATTACKED BY TWO SEX BEASTS’
Girl, 17, sexually assaulted twice by two different men on a train home from a festival
IN AT THE DEEP END
Dad digs giant hole in his garden at 3am after getting drunk with pals – and builds a SWIMMING POOL to cover it up
Earthquake rocks Italian island of Ischia leaving ‘a number of people injured and buildings demolished’
Heart-stopping moment teen girl’s bungee cord snaps sending her plummeting 130ft into river after operator’s blunder
‘GIMME A GO!’
Bizarre moment kid armed with a KNIFE demands a ride on a teen’s scooter in town plagued by travellers
Gang members Ricky and Danny Preddie killed ten-year-old Damilola Taylor aged just 13 and 12 – we reveal all
‘I JUST WANT TO DIE’
Schoolgirl, 14, ‘hanged herself in her bedroom after writing a secret diary over fears she was overweight’
He added: “I would encourage the Government or regulators to look at it.”
Campaigners claim rural areas tend to be hardest hit, meaning families have to travel further than ever for vital financial services.
Scores of country towns now have no branch at all after every lender moved out.
Banking trade body UK Finance said decisions to close branches were “never taken lightly”.
A spokesman said: “Banks are also investing in new ATMs and mobile bank branches to reach more rural communities.”