HSBC branches in and around Bucks to close
It's part of a "transformation" announced by the network
Branches of HSBC in and near Buckinghamshire are to close, as part of the bank's latest "transformation" of its network.
They are among 69 closures across the country, which could hit around 400 workers.
The company says less than 50% of its customers are now using branches, so in-person banks will be partly replaced with more cash machines and outreach services.
List of closures in and around Bucks
- Beaconsfield's HSBC will close on 4th August
- The branch in Thame will shut on 9th August
- Also on 9th August, the HSBC in Hoddesdon (Herts) will close its doors
- Borehamwood and Elstree's HSBC will shut on 16th August
- 28th August will see the closure of Amersham's HSBC branch
What do the changes mean for HSBC customers?
The bank claims customers across its network will face an average increase of 0.3 miles travel distance to a branch for HSBC UK customers.
Most people will have to travel four miles for in-person contact.
90 percent of the branches closing are said to have ten or more free-to-use ATMs within one mile.
Jackie Uhi, Head of HSBC UK’s Branch Network, said: “The way people bank is changing - something the pandemic has accelerated. Our branches continue to support people with their more complex banking needs, but the way we can do this has also evolved, with the addition of banking hubs, community pop ups and continued use of the Post Office network. Rather than a one-size fits all branch approach, it’s an approach built around the way different customers are choosing to bank in different areas.
“We know that the majority of our customers have a preference to do much of their day-to-day banking online or via mobile, so we’re removing locations where we have another branch nearby, and where there is a significant reduction in customers using face-to-face branch servicing. This will enable us to invest in locations where our customers are continuing to utilise the branch network, including updating technology and refurbishing branches.”