Lloyds stops opening bank accounts for customers at branches [Yahoo! Finance]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Yahoo! Finance
Britain's biggest bank is to stop opening accounts for customers at its branches and instead force them to go online. Lloyds Bank's staff will no longer open joint, premium or student accounts in branches or switch customers from another lender – a move that critics warned signalled “the death of branch banking”. Instead, staff will direct customers to use its app and website, according to internal documents seen by The Telegraph. It comes as the bank shuts more than 100 branches across the country, adding to the 1,470 sites it has already closed over the past decade. Last week, Lloyds scrapped the option for customers to deposit cheques at the Post Office despite the closures. Martin Quinn, of the group Campaign for Cash, said: “In-person bank branch services are vital for consumers. People do not want to talk to a machine, they want to deal with real people. “High streets up and down the country are being hollowed out by shop closures and removing more face to face bankin
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LYG
Sec Filings
- 3/13/26 - Form 6-K
- 3/13/26 - Form 6-K
- 3/13/26 - Form 6-K
- LYG's page on the SEC website