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Lloyds is set to close a further 40 banks across the UK in 2026, in yet another major blow for the high street. It will come after the bank shuts 96 branches for good this year.

Bank branches are closing up and down the country due to a change in customer behaviour. An increasing number of people are choosing to bank online and use mobile app services, rather than visit their local branch. As well as Lloyds, major banks such as Santander, Halifax and TSB have made the decision to shut dozens of branches so far in 2025 to decrease operating costs.

Figures released this year show that around 87% of adults in the UK now use at least one form of digital banking. This has caused banks to reconsider how they operate, lowering the importance of having a physical presence on high streets.

However, the move has raised concerns among older and vulnerable customers who may still rely on face-to-face services. Those who are less confident with technology or require access to cash may be impacted by the closures.

A Lloyds Banking Group spokesperson said: "The way people are banking has changed, with over 21 million customers choosing apps to manage their money.

"We're providing more choice than ever before, bringing together the best in digital convenience with our people.

"Alongside our app, our customers can use any Lloyds, Halifax or Bank of Scotland branch, the Post Office or banking hubs for their everyday banking, and deposit cash at over 30,000 PayPoint locations."