Barclays will become fourth Palmers Green bank to close in two years

Barclays announced its Palmers Green branch will close in March 2024, following closures by HSBC, Lloyds and Nationwide

Barclays in Palmers Green (credit Google)
Barclays in Palmers Green (credit Google)

Barclays has announced that its branch in Palmers Green will be closing on 8th March 2024.

It will become the fourth major bank to close in the area since April 2022, after Nationwide, Lloyds and HSBC all shut their doors.

Barclays says there has been a 74% drop in branch transactions at the Palmers Green branch in just one year and that 92% of its customers registered to the branch use alternative banking methods, such as online, by telephone, or via the bank’s app. It adds that 39% of the branch’s customers have used other nearby branches in the last year.

In its ‘reasons for closure’ report, Barclays says: “Back when we opened this branch, visiting us in person was one of the only ways
to do your banking. Now, as there are lots of ways to manage your money without even leaving your home, we’re seeing many customers choosing to bank using our app, and online or telephone banking. This has had a big impact on the number of customers
coming in to see us.”

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Enfield Southgate MP Bambos Charalambous said in his weekly newsletter last week that he feared the closure of Barclays could see local people “cut off” from banking services.

The independent MP said: “I am keen to hear from constituents about this latest closure. I think we have to maintain an easy-access and free-to-use cash network, as well as face-to-face banking services, and we do not want to see people cut off from full participation in society, unable to access goods and services.

“I will be in contact with Barclays in the new year to discuss how they intend to support customers who are losing out by the branch closing.”

Banks that still remain open in Palmers Green include Santander, NatWest and Halifax.

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