Santander is set to close dozens of its high street branches in the UK by the end of May. At the start of the year, the Spanish banking giant said it was closing down 44 of its locations nationally, with four ceasing operations in January.
At the time, it confirmed that a further 40 branches would be axed by the end of May, stating that the change was a s a result of customers using more services online. The bank said that 96% of of customer transactions were now carried out via digital platforms.
Santander also noted that 291 jobs were at risk due to the latest closures, which come less than a year after the bank announced back in March 2025 that it was closing that it was shutting down 95 branches, affecting 750 employees.
In July last year Santander’s then UK chief executive Mike Regnier, said that 2,000 jobs had been lost in the preceding year under the bank’s restructuing. He added that further redundancies “might well be” likely, reports the Mirror.
The bank has however pledged that any impacted branches will be suceeded by Community Bankers through Santander Local stores or shared banking hubs. It added that the opporunties will continue to give access to services for customers in the areas affected by the closures