Thursday, March 20, 2025

Santander accelerates digital shift with branch closures and job cuts

Santander is closing 95 UK branches as part of a broader shift toward digital banking, putting around 750 jobs at risk. The bank will also shorten operating hours at 36 locations and remove counters from 18 branches.

The decision follows a 63% rise in digital transactions since 2019, while in-branch usage has declined by 61%. After the closures, Santander will operate 349 branches, including 290 full-service locations and five work cafés.

The bank says 93% of the UK population will still be within 10 miles of a branch, though some closure dates remain unconfirmed.

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