The number of closed banks in south-east London – new figures reveal

NEW figures reveal that Erith and Thamesmead are the only areas in south-east London without open banks.

This comes after an analysis by Which, which shows the “sharp decline” in the number of open banks across the UK compared to seven years ago.

The increasing use of online banking and contactless payments has led to concerns that some will be left behind or unable to access key services.

Other figures from LINK also show the decline in the use of ATMs over the years.

The figures below show the number of banks remaining in each area from 2015 to April 2022.

Data for the number of ATMs used are shown between the beginning of 2018 and the beginning of March this year.

Here are the bank numbers for south east London:

Orpington:

More than two out of five banks in Orpington are closed.

Seven banks are closed, leaving nine left in the area.

The number of used ATMs has dropped from 83 to 56.

Old Bexley and Sidcup:

Nine banks are closed in Old Bexley and Sidcup, leaving six left.

The number of ATMs used has also dropped from 66 to 45.

Lewisham and Money:

Seven banks have been closed, leaving only three left.

The number of ATMs has also dropped from 64 to 40.

Lewisham and Deptford:

Four banks have closed in the area.

The number of ATMs has also dropped from 123 to 85.

Lewisham East:

Two banks have been closed in Lewisham East, leaving only four left.

The number of ATMs used has also fallen from 69 to 43.

Eltham:

Only one bank has closed in Eltham since the start of 2015, and there are six left.

The number of ATMs has dropped from 73 to 58.

Erith and Thamesmead:

Erith and Thamesmead have seen all its shores closed.

Each of the four banks that opened in 2015 was then closed.

The number of ATMs has also dropped from 61 to 42.

Greenwich and Woolwich:

Four banks have been closed, leaving eight left in the area.

The number of ATMs has also dropped from 127 to 103.

Bromley and Chislehurst:

Eight banks have been closed in the area, leaving 11 left.

The number of ATMs in Bromley and Chislehurst dropped from 81 to 70.

Bexleyheath and Crayford:

Three banks have been closed, leaving seven left in the area.

The number of ATMs has dropped from 88 to 69.

Beckenham:

Nearly a third of Beckenham’s banks have closed since 2015.

Four banks have been closed, leaving nine left.

The number of ATMs has dropped from 56 to 43.

Which CEO, Anabel Hoult, said: “While the pandemic has accelerated the transition to digital payments for many consumers.

“Many are not yet ready to make that switch and are demanding protection against an avalanche of ATM and bank branch closures that have left Britain’s cash system in danger of collapsing.”

The data showed that almost half (48 per cent) of bank branches across the UK have closed since the start of 2015.

Seven constituencies have seen each and every one of their bank branches closed in recent years.

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