TSB announces plans to shut nine Scottish branches

Nine Scottish TSB branches among 36 bank closures

May 08, 2024 by BBC News - Scotland

Key Facts

  • The high street firm said a fall in the number of people using its branches had prompted the move, but added the decision “had not been taken lightly”.
  • Full list of planned closures September 2024: Alloa Bedworth Birmingham, Pype Hayes Bridlington Buxton Carmarthen, Blue Street Cwmbran, General Rees Square Dovercourt Edinburgh, Leith Felixstowe Frome Glasgow, Cardonald Glasgow, Castlemilk Haddington Hounslow Lerwick Leven London, Bethnal Green London, Clapham Longton Manchester, Middleton Newcastle Upon Tyne, Milvain Peterhead Sheerness Stornoway Torquay, St Marychurch Whitehaven May 2025: Amble Aylsham Banff Bedlington Bude Crook Flint Tenbury Wells Whitchurch A TSB spokesperson said about 96% of all the bank's transactions take place outside of a branch, with the number of in-store transactions falling by 43% over the past four years.
  • They added: "The decision to close a branch is never taken lightly, but our customers are now doing most of their banking digitally and we need to move to a better balance of digital and face-to-face services.
  • PA Media TSB said the rise in online banking meant customers were less inclined to do their banking in person The job cuts will be in the fraud operations department of the bank, central operations and staff who work at the branches earmarked for closure.

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