Arab Press

بالشعب و للشعب
Tuesday, Aug 11, 2026

Third of Britons still prefer to do banking in person, survey finds

Third of Britons still prefer to do banking in person, survey finds

People would rather visit a bank branch to seek human advice as cost pressures mount, a survey found.
A third of people in the UK would rather do all their banking in person, a survey has found, amid a swathe of new branch closures from high-street lenders who say in-person services are not being used.

People still want to go into their local bank branch to seek human advice amid cost-of-living pressures, despite increasingly being able to do so digitally, the survey found.

While 44% of over-55s said they would rather visit a branch, the survey found it is not just the older generations who are hesitant to fully switch to mobile banking.

A fifth of 18 to 34-year-olds said they prefer to do all their banking in person, according to the survey of more than 2,400 banking customers by professional services company Accenture.

Meanwhile, more cash was handled by the Post Office in March than any month since last September, excluding Christmas when withdrawals are usually at their highest.

New figures from the company showed cash deposits and withdrawals over the counter reached £3.29 billion during the month, across its 11,500 branches.

People are increasingly utilising their local post office to manage money as a result of banks shutting branches, which often make it “the only location where consumers and businesses can do their banking”, it said.

It comes as two of the UK’s biggest high-street banks, NatWest Group and Lloyds Banking Group, revealed plans last month to close more than 80 branches between them across the country.

The latest plans mean that in the first three months of this year, banks have already earmarked 213 sites for closure, with NatWest closing the most, followed by Barclays.

Nationwide, TSB and Virgin Money have also announced a smaller number of closures each.

Banks say they are cutting branches because they have noticed big drops in the number of customers visiting, as people opt for using their mobile phones or computers to manage their money instead.

Many now offer services such as mortgage calculators, mortgage offers before credit score checks, and information hubs online, as well as being able to switch current accounts, freeze a card or take out new savings products through mobile apps.

But Accenture’s research found that a significant proportion of people still want to visit their bank to access human advice, from setting up a savings account to taking out a mortgage or life insurance.

"For now, for some, nothing beats being in the room when it comes to complex and confusing financial matters"

Furthermore, while 38% of Britons now have a digital-only bank account, just a tenth use it as their main bank, it found.

People still want the option to visit a branch or speak to staff, or have concerns about data security and the financial stability of digital banks, Accenture found.

Tom Merry, managing director of banking strategy for Accenture, stressed that the desire for human interaction and reassurance at branch visits do not come “at the expense” of digital banking.

He said: “The big banks must balance a fantastic digital experience with human interventions which really matter.

“For some, these can be easily delivered via improved remote video and voice experiences without a branch.

“But for now, for some, nothing beats being in the room when it comes to complex and confusing financial matters.”

He added it will be critical to find the right role for branches in a digital era rather than being “allowed to wilt”.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Saudi Arabia, Turkey and Pakistan Sign Mutual-Defence Pact
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Arrest Warrant Issued in Lebanon for Tycoon Spotted Meeting Netanyahu in Washington
Trump says Israel ‘would not survive’ without US
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Spain Defeats Argentina in Extra Time to Win Second World Cup
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
US Retaliates Against Iran After Two American Troops Killed in Jordan
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
×