Bank branches closing as more people switch to online services

The way we bank has significantly changed over the past few years, with more people than ever opting to bank online.This has caused a knock-on effect, with closures to major high-street banks being seen across the UK.Figures show 5,162 bank and building society branches have closed since January 2015.A further 206 branches are set to close by the end of 2023, according to the Which? findings.As such, thousands of customers will have no access to their bank branches and possibly face the reality of having their local banks shut forever, with around 32 different locations currently being affected.