Once the closure plan is completed, Lloyds will have 386 branches, Halifax 281 branches, and Bank of Scotland 90 branches. Lloyds attributed the branch closures to customers increasingly opting for mobile banking over in-person services.

The country is estimated to have lost well in excess of 6,000 branches since 2015, with alternatives struggling to help fill the void for people especially outside major towns or cities.

Customers of three high street banks are being warned of changes to their overdraft charges from this Friday (January 31), it has been warned.