Teddington Branch of Halifax Bank to CLOSE
The last remaining bank in Teddington, the Halifax in Broad Street is to close down as part of a nationwide programme.
A shock analysis of the customer base by the bank showed only 54 customers used the branch regularly up until March 2023.
Overall the profiles of customers was 16% over aged
75, 35% between 55 and 74, 34% aged between 35 and 54,13% between 18 and 34 and just 2% aged 18.
According to the bank 79% of customers using Teddington branch have also used other branches, online banking or telephone banking.
The number of branch transactions has dipped dramatically by 49% and cash machine withdrawals by 50%.
The branch will close on November 2.
The bank’s in depth review states: “The world is becoming more digital than ever before and more of our customers are doing their everyday banking online.
“With more customers choosing to use digital ways to bank and manage their money visits at this branch have fallen. As a result we’ve made the difficult decision to close it.”
Over recent years Teddington has lost local branches of Barclays, NatWest, Lloyds and HSBC which leaves only the Post Office in High Street with a cash machine and banking facilities.
