Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many bank closures there were in 2024.

The Government does not hold bank branch closure data.

Guidance from the FCA sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs, and put in place alternatives, where this is reasonable.

The Government is working closely with banks to roll out 350 banking hubs by the end of this Parliament. These will provide individuals and businesses up and down the country with critical cash and banking services. Over 100 are open so far.