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Santander to close 44 branches and put 291 jobs at risk
Santander’s UK branch closures reflect a 96% shift to digital transactions, replacing some branches with community bankers and banking hubs to maintain local support.
- Santander announced it will close 44 branches starting in April, putting 291 jobs at risk as part of an ongoing overhaul across the UK by the end of January 2027.
- Facing a big rise in online banking, Santander said 96% of transactions are now digital and in-branch transactions have fallen 66% since 2019.
- The bank said customers can still access face-to-face support via Post Office branches and Banking Hubs, with more than 11,000 Post Office branches and over 200 Banking Hubs available.
- The proposals are subject to union consultation and Santander said there will be redeployment opportunities after earlier rounds that cut around 2,000 roles and a previous 95-branch closure round that affected 750 workers.
- This follows a wider trend: other major banks are announcing branch cuts, with Santander nearing a £2.65 billion TSB takeover while investing tens of millions and refurbishing more than 220 sites.
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Santander UK, the British subsidiary of Banco Santander, continues with the thinning of its number of offices and announces the closure of 44 branches in the country, a decision that is part of the reorganization of its commercial network to adapt to the growing use of digital banking. Following these changes, the network will consist of 305 offices, a figure that includes 244 full service branches, 19 without counter, 36 spaces with reduced hou…
·Madrid, Spain
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Coverage Details
Total News Sources89
Leaning Left9Leaning Right7Center55Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
13%
C 77%
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