Virgin Money to close a third of banks across the UK putting more than 250 jobs at risk - is your local affected?

20 July 2023, 19:50

Virgin Money has announced plans to close a third of its High Street branches.
Virgin Money has announced plans to close a third of its High Street branches. Picture: Alamy

By Jenny Medlicott

Virgin Money has announced plans to close 39 banks across the UK as more Brits move to online banking, the firm has said.

The firm said the number of banks being closed totals around a third its branches in the UK, leaving just over 90 in the UK and putting 255 workers risk redundancy.

Chief operating officer Sarah Wilkinson said it would “pursue all options” to prevent as many redundancies as possible by offering alternative roles to those at risk.

She added: "The decision to close a store is never taken lightly. But as our customers continue to change the way they want to bank with us, by conducting fewer transactions in-store and adopting the convenience of digital banking, we must respond to that evolving demand."

Full list of branches affected below

It comes as another hit to High Street banks, as other huge banks, such as Lloyds and Halifax have already shut a number of branches this year.

Unite union said “access to a bank and cash is a fundamental need” for Brits. While others have expressed concerns for elderly and more vulnerable people who rely on High Street banks.

Virgin money said its decision was put down to more customers using online banking.

"Each store was assessed on an individual basis, with careful consideration of the impact on the local area, as well as the needs of vulnerable customers and the accessibility of alternative services such as free-to-use ATMs and Post Offices," the company said.

"Each store closing is less than half a mile from the nearest Post Office, which customers can use to carry out day‐to-day transactions, including cash deposits and withdrawals, cheque deposits and balance enquiries, as well as coin exchange."

In 2022, the UK saw Barclays close 132 branches, and some 80 banks announced closures for July this year.

Read more: Major UK bank to close down 14 more branches this year - is your local branch affected?

Read more: Argos reveals more store closures as 100 branches face the axe - is your local affected?

Virgin Money, Durham, is one of the branches affected.
Virgin Money, Durham, is one of the branches affected. Picture: Alamy

Virgin Money branches closing




Newton Stewart




















St Albans


Fort William




Golders Green




Gosforth Centre,

London Haymarket




Milton Keynes

More Latest News

See more More Latest News

Angela Rayner has defended Diane Abbott amid an ongoing row over the MP's future

'No reason' Diane Abbott can't stand in general election as Labour MP, says Angela Rayner

Richard Tice has called for a police crackdown on ‘cash only’ barber shops

'Barber shops are fronts for money laundering drug money' claims Reform UK leader Richard Tice after LBC question

A nine-year-old girl is in critical condition after a firearm was discharged from a motorbike near a restaurant in Hackney.

Girl, 9, in critical condition after being 'innocent victim' in Hackney shooting outside restaurant

US Secretary of State Antony Blinken speaks at a Czech Defence Capabilities Event at Prague-Kbely Airport in Prague

Blinken condemns ‘poison’ of Russian misinformation

Kate will take part in the ceremony next month

Kate will not take part in Colonel's Review ahead of Trooping the Colour ceremony next month, palace confirms

The groom reportedly found out 12 days after getting married.

Shocked groom finds out ‘wife’ is a man who was dressing as a woman just 12 days after getting married

Israel soldiers drive a tank near the Israeli-Gaza border

Two Israeli soldiers killed in West Bank car-ramming attack

Election volunteers count ballots in Johannesburg

Early South Africa election results put ruling ANC below 50%

King to take part in Trooping the Colour ceremony but will inspect soldiers from carriage

King to take part in Trooping the Colour ceremony but will inspect soldiers from carriage

Diego Maradona and West Germany goalkeeper Harald Schumacher with their World Cup trophies in 1986

Maradona’s heirs lose court bid to block sale of World Cup Golden Ball trophy

An Israeli armored vehicle is seen near the border with Gaza Strip, in southern Israel, on May 29, 2024

Israel shoots down cruise missile ‘fired from Iraq’ as IDF seizes control of entire length of Gaza's border with Egypt

Spanish Prime Minister Pedro Sanchez

Spain parliament gives final approval to amnesty law for Catalonia separatists

A Shiite Muslim holds a photograph of late Iranian president Ebrahim Raisi

Iran opens registration for presidential election after Raisi’s helicopter death

Geri Halliwell had an awkward faux pas on her Instagram.

‘Sent images to Pippa’: Geri Halliwell's birthday tribute to Mel B goes viral after awkward PR gaffe

Attendees at the 10th ministerial meeting of the China-Arab States Cooperation Forum

China’s Xi pledges more Gaza aid and talks trade at summit with Arab leaders

Bernard, 41, and Ann McDonagh, 39, both of Sandfields, Port Talbot

Moment 'Britain's worst dine-and-dash couple' arrested by police after racking up nearly £1,200 in unpaid food bills