Tadley Barclays announces closure from July 30

The Tadley branch, located on Aldermaston Road close to the Berkshire border, will close and not reopen on July 30.

Barclays confirmed that they "do not intend" any redundancies and that staff will be offered alternative roles.

The multinational corporation said that there was a 26 per cent fall in counter transactions in the two years up until March 2020, and that fewer than 10 per cent of transactions are now taking place inside a bank.

Customers at the Tadley branch, 155 of whom use this branch exclusively for their banking, will now face an eight-mile journey to their next nearest branch, in the Market Place in Basingstoke.

It is around a 35-minute round trip by car, or an hour by public transport.

A Barclays spokesperson said: “The decision to close a branch is never an easy one. However, customers are increasingly using alternatives to branches to do their banking. As a result, we are seeing a sustained fall in branch visits across the UK.

“This is reflected at the Tadley branch where there has been a 26 per cent reduction in counter transactions in the two years to March 2020. In addition, more than four fifths (86 per cent) of our customers at the branch are also using different ways to bank.

“We will work with our customers and provide alternative options to ensure they can continue to manage their money and receive financial expertise when required.”

Barclays are not the only big name to close high-street banks in recent months - in October, TSB closed their Basingstoke branch, meaning customers now face a trip to Newbury, Reading, Alton or Winchester for their next closest branch.

Barclays said that all customers will receive a letter explaining the decision and posters will be displayed.

Staff in-store will be able to assist customers with their concerns, and they say they will be "proactively engaging with local businesses and the wider community to discuss the alternative ways customers will be able to undertake their banking locally".