HSBC to close two branches in Buckinghamshire

HSBC has announced the permanent closure of two of its branches in Buckinghamshire.

On Thursday 4th August 2022 the HSBC branch at 9 Penn Rd, Beaconsfield HP9 2PT is set to close permanently while on Tuesday 23rd August 2022 the HSBC branch at 92 Sycamore Rd, Amersham HP6 5EW will close.

The closures are part of a transformation programme that will see a total of sixty nine HSBC branches throughout the UK close during 2022.

The decision to re-shape the HSBC branch network follows an increasing preference for mobile and online banking, which has accelerated since the start of the Covid-19 pandemic. Less than 50% of the bank’s customers now actively use its branch network, with the average footfall declining over 50% since 2017, faster than any point in the last decade.

Jackie Uhi, Head of HSBC UK’s Branch Network, said: ‘The way people bank is changing – something the pandemic has accelerated. Our branches continue to support people with their more complex banking needs, but the way we can do this has also evolved, with the addition of banking hubs, community pop ups and continued use of the Post Office network. Rather than a one-size fits all branch approach, it’s an approach built around the way different customers are choosing to bank in different areas.

We know that the majority of our customers have a preference to do much of their day-to-day banking online or via mobile, so we’re removing locations where we have another branch nearby, and where there is a significant reduction in customers using face-to-face branch servicing. This will enable us to invest in locations where our customers are continuing to utilise the branch network, including updating technology and refurbishing branches.‘

*Source of article : Press release from HSBC.