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What's going on with England's banks? (lemmy.sdf.org)

submitted 7 months ago by [email protected] to c/[email protected]

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Clueless American here. I saw a commercial for Nationwide bank promising the keep their branches open until at least 2028. Is there a push to close banks? Is this more fallout from Brexit?

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[–] [email protected] 9 points 7 months ago

Nobody really does physical banking any more so the banks are closing their physical branches. There's a lot of backlash because a few people can't use online banking, it's difficult because the numbers are small and it's hard to justify staffing a full building when 5 customers turn up each day.

It's not brexit related.