Personal Finance. Money. Investing.

TSB Bank To Close 70 Branches Across UK

TSB is dramatically reducing its UK high street presence with the closure of 70 branches across the country.

Posted: 30th November 2021 by Finance Monthly
Share this article

The move by TSB, which reflects a widespread shift to online banking, will take effect next year. The bank says 220 branches would remain open at the end of June 2022, down from 290 branches today. 

Despite the closures, TSB will maintain the seventh-largest high street footprint in the UK, with staff affected by the closures to be offered other positions within the company. TSB also says it plans to open ten “pop-up” branches amid its changes. 

TSB chief customer officer Robin Bulloch commented, “Closing branches is an incredibly difficult decision to take, but we have to respond to the changes in the way people bank and provide the right mix of services for all our customers now and into the future.”  

The move comes as the continuation of an ongoing trend by TSB and is not wholly unexpected. Back in September 2020, TSB announced it would be closing down 164 of its branches, while in November 2019, the bank announced the closure of 82 of its physical sites. 

TSB branches affected by the closures include Bath, Cambridge, Bury St Edmunds, Exeter, Gateshead, Maidstone, Shrewsbury, and Uxbridge. 

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram