Bank of Scotland

Lloyds, Halifax and Bank of Scotland, which are all part of the Lloyds Banking Group, will shut at least 292 of their bank branches in 2024 and 2025, the Group has confirmed.

If you're a Lloyds, Halifax or Bank of Scotland customer, the interest rate you're charged for using your overdraft could be going up from today (Friday 2 August). The Lloyds Banking Group, which owns all three brands, says most customers will be charged the same or less after its shake-up – but others will pay more, and some Club Lloyds customers will see their rate nearly double, from 27.5% to 49.9%.

Bank of Scotland, Halifax and Lloyds, which are all part of the Lloyds Banking Group, will shut at least 276 of their bank branches in 2023 and 2024, after the Group announced a further 45 closures today (Wednesday 29 November).

High street banks including Lloyds and NatWest will close at least 81 more branches this year. We've rounded up the planned closures for each bank and what the alternatives are if you still want face-to-face banking. 

Lloyds Banking Group has announced more bank branch closures with a further 66 outlets set to close across England, Northern Ireland, and Wales between October this year and February 2023. The closures consist of 48 Lloyds Bank branches and 18 Halifax outlets. 

Lloyds and Bank of Scotland customers will earn less interest on Club Lloyds and Vantage accounts from October.

Lloyds and Bank of Scotland will be cutting the interest paid on balances of up to £4,000 on their Club Lloyds and Vantage accounts from this autumn – but as the rates can be beaten elsewhere, if you only have the accounts for the interest you could earn more by ditching and switching.

Around 200,000 Lloyds, Halifax and Bank of Scotland customers are owed payments averaging around £30 each, due to historic administrative errors starting in 2012 which may have led to them not switching to better products.

Lloyds, Halifax and Bank of Scotland have apologised to customers after many reported being unable to make payments today.

At least four more high street banks – Bank of Scotland, Halifax, Lloyds and Santander – are working on plans to help customers restrict their spending on gambling, after Barclays became the first to do so last month.