'Avalanche' of bank branch closures hit the oldest hardest

By Adam Toms

Santander announced yesterday that 95 more of its high street sites will be axed, with about 750 jobs at risk.
Age UK warned that the nationwide trend means "considerably fewer opportunities for face-to-face banking exist now than even just a couple of years ago".
The loss of access "risks cutting a significant minority of the older population out of an essential service", said the charity's chief Caroline Abrahams, inset.
She added: "Older people in rural or semi-rural areas are likely to be the hardest hit, but those in towns and cities are not immune. Our research found more than four million older Britons with a bank account do not manage their money online and so are at high risk of digital exclusion."
Age UK is calling for the prot...

You're reading a preview of

Daily Express (Digital) - 1 Issue, March 20, 2025

DiscountMags is a licensed distributor (not a publisher) of the above content and Publication through Magzter Inc. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered on our website, are those of the respective author(s) or publisher(s) and not of DiscountMags. DiscountMags does not guarantee the accuracy, completeness, truthfulness, or usefulness of all or any portion of any publication or any services or offers made by third parties, nor will we be liable for any loss or damage caused by your reliance on information contained in any Publication, or your use of services offered, or your acceptance of any offers made through the Service or the Publications. For content removal requests, please contact Magzter.