Barclays to close its branch in Chesterton Road, Cambridge
Barclays is to close its branch in Chesterton Road, Cambridge.
The bank confirmed it will shut its doors on Wednesday, June 28, 2023. It is one of 14 closures due to take place that month.
The bank told customers: “Back when we opened this branch, visiting us in person was one of the only ways to do your banking. Now, as there are lots of ways to manage your money without even leaving your home, we’re seeing many customers choosing to bank using our app, and
online or telephone banking. This has had a big impact on the number of customers coming in to see us.”
Barclays added that in studying whether or not to close the branch it assessed customer usage and found 94 per cent of people who use the branch had also banked using the app, online and by phone in 2021.
Fewer than 10 customers use the branch regularly as the only way to do their banking, Barclays revealed, noting that 53 per cent of the Chesterton Road branch’s customers had used nearby branches in the last 12 months.
It leaves the branch at 9-11 St Andrew’s Street in Cambridge as the nearest alternative for customers.
The 14 branches which are set to shut in June come after the 55 closures already announced across England and Wales for 2023. The 14, and their closing dates, are:
- 46 Rhosmaen Street, Llandeilo, Wales - June 23
- 38/42 High St, Mold, Wales - June 30
- 12 Station Street, Saltburn-by-the-Sea, England - June 30
- 24 Fore Street, Tiverton, England - June 28
- 106 High Street, Honiton, England - June 23
- 10 The Square, Caterham, England - June 23
- 112 Woodcote Road, Wallington, England - June 28
- 65/67 Sandgate Road, Folkestone, England - June 23
- 66 Market Place, Chippenham, England - June 23
- 1 The Square, Holmes Chapel, England - June 27
- 13/15 Victoria Square, Holmfirth, England - June 23
- 337/339 Stanley Road, Bootle, England - June 30
- 207 High Road, Loughton, England - June 22
- 28 Chesterton Road, Cambridge, England - June 28
Other Cambridge branches have also closed in recent years, including Cambourne (2022), Cherry Hinton Road (2020), and Sidney Street (2021). Lloyds, Barclays, NatWest, HSBC and Santander have all shut more than half of their branches since 2015.
[Read more: Barclays confirms plans to close its Histon branch]
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