Why is Barclays closing its Penarth branch?

By Alex Jones

21st May 2021 | Local News

Barclays has announced that its Penarth branch will close permanently at noon on 27 August.

Some customers have expressed their frustration at the decision.

Socially distanced queues outside the 2 Windsor Road branch have become a common lockdown sight.

So why is this seemingly busy bank closing its doors?

What do Barclays say?

In their 'branch closure feedback' leaflet, Barclays offer the following explanation:

  • The number of counter transactions has gone down in the previous 24 months, and additionally 84% of our branch customers also use other ways to do their banking such as online and by telephone
  • Customers using other ways to do their banking has increased by 11% since 2015
  • In the past 12 months, 28% of this branch's customers have been using nearby branches
  • We've identified that only 84 customers use this branch exclusively
for their banking

What about their customers?

For many of these 84 customers, the closure comes as a major inconvenience.

Speaking to Nub News while queuing in the rain this morning, branch customer Mike (who preferred to keep his surname anonymous) said:

"I think it's absolutely disgraceful. I've only just read it now.

"Penarth as well has quite a lot of older people and a lot of people don't use internet services, and the branch always seems busy.

"Why they're closing it, I have no idea."

Others online have referred to the decision as "shameful".

This comes almost two years after the controversial closure of Santander in May 2019.

     

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