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HSBC to close Arnold branch next year

The banking giant announced plans to close 114 branches across the UK earlier today

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HSBC has announced plans to close its branch in Arnold.

The banking giant today announced it will be shutting 114 branches across the UK next year.

The latest round of closures comes as more people turn to online and mobile banking.

The bank in Arnold was temporarily closed to the public late last year after it was turned into a ‘digital service’ branch, with counters being replaced by self-service machines.

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The Arnold branch, based on Front Street, will close in May 2023.

There will be just 327 branches following this latest round of closures.

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.

“Not only can we do it anywhere at any time of day or night, many more things can be done at the customers’ convenience and don’t rely on a branch visit.”

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Banking hubs, pop up locations and use of the Post Office network will continue to be available to HSBC customers.

HSBC said that it hopes to move members of staff from the closing branches to other positions within the company.

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