Lloyds Banking Group is making waves in Haringey with the announcement of branch closures across the borough. A total of 26 Lloyds branches, 10 Halifax sites, and 13 Bank of Scotland locations are set to shut down between January and October next year.

This move is part of the bank’s strategy to prioritize online banking, responding to the changing banking habits of its customers. With more than 21 million customers now managing their money through apps, Lloyds aims to offer a mix of digital convenience and in-branch services.

For many Haringey residents who rely on physical branches for their everyday banking needs, this news may raise concerns. The closures mean fewer options for depositing cash and carrying out basic banking tasks in the local area.

In New Addington, one of the affected areas, Lloyds is offering staff members roles at other branches or within the business. The impact will also be felt in communities like Mitcham and Buxton, where branches are scheduled to close in January.

This trend towards digitalization is not unique to Lloyds, with other banks like NatWest and Barclays also announcing branch closures in recent weeks. Despite these changes, Lloyds is committed to providing customers with a range of banking options.

In Haringey, customers can still access services at any Lloyds, Halifax, or Bank of Scotland branch, as well as at the Post Office or 30,000 PayPoint locations. After the closures, the banking group will maintain 705 branches in total, including 359 Lloyds, 269 Halifax, and 77 Bank of Scotland sites.