Bank Branch closures

A fifth of households are now more than 3km from their nearest current account provider, but can the alternatives really meet people's banking needs? Banks have closed down thousands of high-street branches over the past three decades and instead ploughed millions into the Post Office to serve people’s basic banking needs. But customers are uncomfortable embracing the Post Office as the alternative to a physical branch, new Which? research reveals. Watch our video for more on the effect of bank branch closures on communities. If your local branch has closed, your bank is required to signpost alternative options in your area. Some banks now use banking vans to visit communities, while others have staff placed in local community buildings to help with customers’ banking needs. But if you’re unhappy with what they’re offering, it may be worth moving your money to another bank, a local credit union or smaller building society. For our full investigation, visit: https://ift.tt/2DnFIMl Which?: http://www.which.co.uk Twitter: https://twitter.com/whichuk Facebook: https://ift.tt/1fAOmna