Sidmouth's HSBC branch set to close

Sidmouth's HSBC branch is set to close this September.

It comes amid a rise in mobile and internet banking, brought on by the Covid-19 pandemic.

The Sidmouth HSBC branch will close its doors on 13 September this year, and is among 68 other branches closing across the UK.

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."

The bank also closed 82 of its branches in 2021.

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