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Ryde's HSBC Branch To Close In New Year

HSBC in Ryde. Photo thanks to Mark Trimming from Google Maps.

Ryde's HSBC is one of 114 branches confirmed to be closing in the new year.

From April, dozens will shut as the bank tries to save money.

The increased use of online banking, and reduced footfall to high street banks, is being blamed.

Jackie Uhi, HSBC UK's managing director of UK distribution, said:

"People are changing the way they bank and footfall in many branches is at an all-time low, with no signs of it returning. Banking remotely is becoming the norm for the vast majority of us.

"The decision to close a branch is never easy or taken lightly, especially if we are the last branch in an area, so we've invested heavily in our 'post-closure' strategy, including providing free tablet devices to selected branch customers who do not already have a device to bank digitally, alongside one-to-one coaching to help them migrate to digital banking."

Ryde's branch is due to close on August 22, 2023.

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