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How new rules may make it harder for local banks for close

A new report shows that over 6,000 high street banks have closed since 2015, with 69 closing in September alone. And this isn't set to end as Lloyds, Halifax and Bank of Scotland will shut at least 292 of their bank branches by 2025.

Finance expert Iona Bain explains more about this dramatic shift and the best ways to access your cash if your local branch has closed. She also has good news that new rules might make it harder for branches to close.

To watch this with subtitles, search for Morning Live on Βι¶ΉΤΌΕΔ iPlayer from 01/10/24.

Release date:

11 months left to watch

Duration:

5 minutes