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High street bank branch to close

Times Echo and Life / All News / High street bank branch to close
1 month, 29 days agoNo Comments.
26 NOV

High street bank branch to close

By timesecholife on in All News, Latest News

A BANK branch located on Cheadle high street is to close next year due to falling transactions.


Barclays will close its doors for the final time on March 2, 2022 with 80 per cent of its customers now using alternative ways to operate their finances.
Transactions at its Cheadle branch are down 12 per cent, a trend the bank notices is happening nationwide.
Across the country, less than ten per cent of transactions are now taking place in Barclays’ physical branches.
Barclays says it does not intend to make any of its staff redundant as a result of this closure with colleagues set to be offered alternative roles in the bank.
From March 2, the nearest branches available to its Cheadle-based customers will be in Longton and Uttoxeter.
However, every day transactions can still be undertaken at the Post Office.
All customers are to receive a letter regarding the closure with colleagues at hand to assist customers with their concerns.
Decision to close documents and posters will be displayed in branch too.
Barclays said it will be engaging with businesses and the community to discuss how they can undertake banking in the area.
It says it will be hosting virtual ‘tea and teach’ lessons for those wishing to explore these alternate methods and will have an active presence in the community through alternative touch points such as the ‘Barclays Van’.
A Barclays spokesperson told the Times and Echo: “The decision to close a branch is never an easy one.
“However, customers are increasingly using alternatives to branches to do their banking.
“As a result, we are seeing a sustained fall in branch visits across the UK.
“This ongoing change in behaviour means we are seeing a sustained fall in customer transactions across our network.
“At the Cheadle branch we can identify that transactions are down by 12 per cent and 80 per cent of our customers at the branch are using alternative ways in which to undertake their banking, including via the telephone, online and mobile app.
“We will work with our customers and provide alternative options to ensure they can continue to manage their money and receive financial expertise when required.”


Photo by Google Maps

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