The acceleration in the closure of bank branches as a result of Covid-19 has been well documented, as banks step up cost-cutting drives and customers shift to digital services.
More than 4000 bank and building society branches have closed in the UK over the past six years, according to consumer group Which. There remains, however, a significant segment of the population for whom access to cash and face-to-face relationships remain important, and regulators have been mulling over rules that would block branch closures in certain areas.
