{"id":26354,"date":"2016-09-17T13:01:40","date_gmt":"2016-09-17T06:01:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-3000-bank-branches-must-close\/"},"modified":"2016-09-17T13:10:46","modified_gmt":"2016-09-17T06:10:46","slug":"why-3000-bank-branches-must-close","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-3000-bank-branches-must-close\/","title":{"rendered":"Why 3,000 bank branches must close"},"content":{"rendered":"


\nThe average branch handles only 71 customers a dayI\u2019m the Money editor of the Guardian, but have not made a single visit to my bank this year. My deputy has called in at his branch about three times. Web Money editor Hilary Osborne says she\u2019s been just twice, each time simply to deposit a cheque, and regarded it as a faff. How long before bank branches go the same way as video chain Blockbuster? You sort of remember visiting, forgot about it after Netflix appeared, and pretty soon they had all disappeared.This week Nationwide director Graeme Hughes drew me a graph of the network a bank needs to connect with the population. You start with a branch in the centre of Glasgow (Nationwide\u2019s busiest location), then you keep adding until you have 600 branches in the biggest towns and cities. At that point you have 85% of the population covered \u2013 and further branches bring diminishing returns. Towns with a population much below 10,000, it seems, are not really worth having a branch in. Continue reading…
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\nSource : theguardian.com
\nRead more…Why 3,000 bank branches must close<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The average branch handles only 71 customers a dayI\u2019m the Money editor of the Guardian,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26354","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6R4","jetpack-related-posts":[{"id":26562,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-that-puts-its-money-on-developing-local-branches-letters\/","url_meta":{"origin":26354,"position":0},"title":"Bank that puts its money on developing local branches | Letters","date":"September 20, 2016","format":false,"excerpt":"\r In his gloomy assessment of the future of bank branches, Patrick Collinson holds up as a benchmark for determining the number of branches a bank needs the criteria outlined by Nationwide director Graeme Hughes, which involves concentrating on areas of highest population density, meaning that \u201ctowns with a population\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-lloyds-come-up-with-a-credible-shrinking-bank-branch\/","url_meta":{"origin":26354,"position":1},"title":"Has Lloyds come up with a credible shrinking bank branch?","date":"November 4, 2017","format":false,"excerpt":"\r Halifax, Bank of Scotland and Lloyds micro-branches have replaced counters with iPadsIt\u2019s not just bars of chocolate, new homes and glaciers that are getting smaller \u2013 so are bank branches. Over the coming weeks and months, Lloyds Banking Group will be shrinking some of its existing high street outlets\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67958,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/current-account-and-a-coffee-its-the-bank-with-a-barista\/","url_meta":{"origin":26354,"position":2},"title":"Current account and a coffee? It\u2019s the bank with a barista","date":"October 2, 2017","format":false,"excerpt":"\r Many banks are closing high street branches, but Lloyds is launching a whole new conceptIt looks like a US tech giant\u2019s office, complete with its own coffee shop, chic \u201cbreakout pods\u201d, the latest biometric technology and an events programme. But it\u2019s actually a new Lloyds Bank branch in Manchester.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10238,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/atom-becomes-uks-first-digital-only-bank\/","url_meta":{"origin":26354,"position":3},"title":"Atom becomes UK\u2019s first digital-only bank","date":"April 8, 2016","format":false,"excerpt":"\r With no branches or call centres, all contact is via an app through which customers can talk to a 30-strong service teamYour iPhone can now be your bank branch as a result of a new digital banking service that launched on Tuesday.Based in Durham, Atom Bank has become the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30277,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-towns-and-villages-running-out-of-hard-cash-says-report\/","url_meta":{"origin":26354,"position":4},"title":"UK towns and villages running out of hard cash, says report","date":"October 17, 2016","format":false,"excerpt":"\r Study by Federation of Small Businesses says bank branch closures, lack of cash machines, and poor-quality ATMs are causing banknote shortagesTowns and villages across the UK are running out of hard money due to bank branch closures, a shortage of cash machines and erratic service from poor quality ATMs,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80893,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/metro-bank-refuses-to-refund-scammed-customer\/","url_meta":{"origin":26354,"position":5},"title":"Metro bank refuses to refund scammed customer","date":"February 24, 2018","format":false,"excerpt":"\r Bank accuses businessman of gross negligence after his account is cleared of \u00a320,000Metro bank is one of the fastest-expanding new banks in Britain, aiming for 100 branches. But what if your account falls victim to fraud? One customer says he is outraged after Metro refused to refund \u00a320,000 stolen\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26354"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26354"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26354\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}