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HSBC branch closures: The full list of 114 banks to shut

A taxi drives past a branch of the HSBC bank in central London, Britain June 09, 2015.  HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.REUTERS/Neil Hall
HSBC will try to redeploy affected staff, but said about 100 people would lose their jobs. Photo: Neil Hall/Reuters

Banking giant HSBC (HSBA.L) has announced plans to shut a further 114 UK branches from April next year.

The group stressed that it hopes to redeploy all its employees at affected branches to other roles within HSBC, either to other branches or to a different position.

It plans to speak to all staff in the branches due to close but it estimates that around 100 employees could leave.

Read more: HSBC raises rate on savings account from 1% to 5%

The sites will shut from April next year, with HSBC saying customer use has fallen significantly since the pandemic, as more people turn to online banking.

Wilmslow, Hove, and south west London are some of the areas which will lose an HSBC branch later in the year.

HSBC said it will invest tens of millions of pounds in updating and improving its remaining 327 branches.

Read more: HSBC to shut 69 bank branches with 400 jobs affected

Jackie Uhi, HSBC UK’s managing director of UK distribution, said: “People are changing the way they bank and footfall in many branches is at an all-time low, with no signs of it returning. Banking remotely is becoming the norm for the vast majority of us.

“The decision to close a branch is never easy or taken lightly, especially if we are the last branch in an area, so we’ve invested heavily in our ‘post-closure’ strategy, including providing free tablet devices to selected branch customers who do not already have a device to bank digitally, alongside one-to-one coaching to help them migrate to digital banking.”

It comes just months after HSBC announced the closure of 69 UK branches. This was on top of the 82 branches axed last year in total – including a number in central London.

HSBC said 97.5% of all its banking transactions now take place online.

Read more: NatWest: Full list of bank branches closing

The full list of HSBC branches shutting down is:

April

  • Blandford Forum 18/04/2023

  • Bristol Downend 25/04/2023

  • Bexhill on Sea 18/04/2023

  • Leominster 25/04/2023

  • Abergavenny 18/04/2023

  • Market Bosworth 25/04/2023

  • Cromer 18/04/2023

  • Alton 25/04/2023

  • St Ives 18/04/2023

  • Shaftesbury 25/04/2023

  • St Austell 18/04/2023

May

  • Wilmslow 02/05/2023

  • Stamford 16/05/2023

  • Whitley Bay 02/05/2023

  • Whitby 16/05/2023

  • Coleraine 02/05/2023

  • Bridport 23/05/2023

  • Bideford 02/05/2023

  • Hove 23/05/2023

  • Gainsborough 02/05/2023

  • Fakenham 23/05/2023

  • Launceston 02/05/2023

  • Sudbury 23/05/2023

  • Arnold 09/05/2023

  • Liskeard 23/05/2023

  • Didcot 09/05/2023

  • Bristol Filton 30/05/2023

  • Brecon 09/05/2023

  • Dundee 30/05/2023

  • Minehead 09/05/2023

  • Waltham Cross 30/05/2023

  • Dover 09/05/2023 11

  • Hinckley Road 30/05/2023

  • Halesowen 16/05/2023

  • Market Harborough 30/05/2023

  • Stroud 16/05/2023

  • Stourport on Severn 30/05/2023

  • Brighouse 16/05/2023

June

  • Stirling 06/06/2023

  • Twickenham 20/06/2023

  • Pocklington 06/06/2023

  • Ross on Wye 20/06/2023

  • Chepstow 06/06/2023

  • Hertford 20/06/2023

  • Knutsford 06/06/2023

  • Wells 20/06/2023

  • Frome 06/06/2023

  • Bicester 20/06/2023

  • Portadown 06/06/2023

  • Oakham 20/06/2023

  • Penarth 13/06/2023

  • New Milton 27/06/2023

  • Ilkley 13/06/2023

  • Lewes 27/06/2023

  • South Shields 13/06/2023

  • Pontypool 27/06/2023

  • Skipton 13/06/2023

  • Beccles 27/06/2023

  • Honiton 13/06/2023

  • St Neots 27/06/2023

  • Sleaford 13/06/2023

  • Wadebridge 27/06/2023

July

  • Portishead 04/07/2023

  • Horsforth 18/07/2023

  • Droitwich 04/07/2023

  • Gosforth 18/07/2023

  • Leatherhead 04/07/2023

  • Harpenden 18/07/2023

  • Palmers Green 04/07/2023

  • Bognor Regis 18/07/2023

  • Coalville 04/07/2023

  • Marlow 18/07/2023

  • Park Gate Southampton 11/07/2023

  • Christchurch 25/07/2023

  • Wetherby 11/07/2023

  • Seaford 25/07/2023

  • Port Talbot 11/07/2023

  • Blackwood 25/07/2023

  • Kingswinford 11/07/2023

  • Norwich Mile Cross 25/07/2023

  • Long Eaton 11/07/2023

  • Ripley 25/07/2023

  • Bromborough 18/07/2023

  • Tonbridge 25/07/2023

August

  • Bristol Westbury on Trym 01/08/2023

  • Bethnal Green 15/08/2023

  • Ormskirk 01/08/2023

  • Hornchurch 15/08/2023

  • Putney 01/08/2023

  • Colwyn Bay 15/08/2023

  • Ashton under Lyne 01/08/2023

  • Dorchester 22/08/2023

  • Kenilworth 01/08/2023

  • Morley 22/08/2023

  • Reigate 08/08/2023

  • Wymondham 22/08/2023

  • North Finchley 08/08/2023

  • Ryde 22/08/2023

  • Cirencester 08/08/2023

  • Windsor 22/08/2023

  • Henley on Thames 08/08/2023

  • Cardiff Rhyd y Penau 29/08/2023

  • Denbigh 08/08/2023

  • Leighton Buzzard 29/08/2023

  • 122 Finchley Road 15/08/2023

  • Eastwood 29/08/2023

  • Chippenham 15/08/2023

Branches that will close but no date has been decided yet

  • Oxted

  • Hythe

  • Epworth

  • Cowbridge

  • Holsworthy

  • Settle

  • Tenby

It follows similar announcements by peers such as Lloyds Banking Group in recent months as banks slash their networks to try and cut costs.

"I'm not surprised HSBC have announced they're set to close yet more branches as customers transition to online banking in their droves, but I hope the bank will plough the money saved into improving their digital and telephone banking offerings for their customers," founder and CEO of Mycommunityfinance.co.uk, Tobias Gruber, said.

"It's unacceptable for bank customers to wait up to 30 minutes to speak to someone when it's their only choice because their local branch has vanished. There are no excuses to keep customers on hold, considering the vast amount of money banks generally save from closing their high street branches.

"Post offices are one alternative for basic transactions like paying in cheques and cash, but this move by HSBC will undoubtedly leave even more rural customers that don't wish and unable to use the internet to do their banking frustrated, stuck and unable to access their money”.

Myron Jobson, senior personal finance analyst at Interactive Investor, added: “The announced closure of 114 HSBC bank branches from April next year will come as a blow to customers who rely on them – from small business customers looking to deposit their cash takings, to elderly customers who haven’t transitioned to online banking or simply prefer a human touch when it comes to personal banking. It is also bad news for those with mobility issues and those who live in remote areas should the require face-to-face banking.

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“There is also a knock-on effect when it comes to access to cash. Finding an ATM to withdraw cash is a palaver for many as bank branches have been dropping like flies amid the shift to online and mobile banking, while cashpoints are few and far between in some areas. This can be infuriating for those dependent on cash, forcing many to travel unreasonable distances to pay in or take out cash.

Rocio Concha, Which? director of Policy and Advocacy, said: "The decision by HSBC to close a quarter of its bank branch network, after already shutting more than 600 sites since 2015, risks further cutting adrift those who rely on cash – whether it's to pay everyday essentials or increasingly to manage their finances during the cost of living crisis.

"While proposals put forward by the banking industry to offer alternative access to cash could have an important role to play, what's needed most is long-awaited legislation to guarantee access to cash, giving the Financial Conduct Authority the powers to oversee the cash system.

"What is currently missing from the legislation is a requirement that access to cash is free. MPs should vote to support a cross-party amendment to the Financial Services and Markets Bill to ensure a minimum level of access to free cash for those who use it, including people on low incomes who will struggle to pay to access their own money."

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