44 Halifax and Lloyds branches to close - Be Clever With Your Cash

Find out which ones are going and your options if affected.

There’s been yet another announcement by a big high street bank that the doors will close on a number of branches this year.

This time it’s the turn of Lloyds and Halifax bank. Here’s what you need to know.

In this article

1 When are the banks closing?

2 What to do if your branch is closing

3 Which Lloyds Bank branches are closing?

4 Which Halifax branches are closing?

When are the banks closing?

A total of 44 branches will close between September and November 2021. The split is 29 Lloyds and 15 Halifax.

This is on top of 56 further branches that closed last year.

What to do if your branch is closing

For most of us it probably means very little. When did you actually last need to use a branch? If you aren’t at all fussed about losing access to a branch’s facilities you don’t have to do anything (though more in a moment about why you could).

For others who do regularly visit a branch it will make a huge difference. The obvious solution is to open up another account at a bank which does have a local branch near you. You don’t have to switch to this new bank (which would mean the closure of your Lloyd or Halifax account) if you don’t want to, but doing so does have some advantages.

All your Direct Debits, standing orders and payments into your account will be moved over for you, so you won’t need to change anything manually. And right now you could get a switching bonus of £125 if you moved to HSBC.

But if you do switch you’ll lose access to benefits you get with these banks. The main perks are:

Halifax Reward Account – £5 a month, or 12 cinema tickets a year, or 24 movie rentals a month (account review)
Club Lloyds Account – Up to 0.78% savings rate plus 6 cinema tickets a year, 12 movie rentals ora magazine subscription (account review)

Personally I’d stick with the account but open up the account for whichever alternative you have nearby (here’s a full list of the different perks they offer).

And even if you aren’t bothered, I’d still do this. I think it’s always handy to have physical access to a bank. You never quite know what will happen with online and app banking, and having the option to talk to someone can make things easier.

Plus if you do need to withdraw or pay in large amounts of cash, you’ll probably want to do that in person too.

The best bank switch bonuses

Check out my list of all the offers you can get when opening a new current account