Bank to close Sheffield city centre branch

Santander's Telegraph House branch in Sheffield city centre. Picture: Google.
Santander's Telegraph House branch in Sheffield city centre. Picture: Google.
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A Sheffield city centre bank will close later this year due to changes in the way people manage their finances.

Santander will close its Telegraph House branch, on the corner of York Street and High Street, on August 16.

An assessment which the bank carried out said 62 per cent of customers also use another Santander branch, the nearest of which is on Fargate.

A spokesman said: "We continue to invest in our branch network and, over the last five years, all of our largest and busiest branches across the UK have been refurbished. Increasingly however, customers are changing the way they choose to bank.

"In addition to using our branches, more and more people are banking with us by phone, online, on tablets and smartphones as well as at cash machines and Post Offices. As a result, some of our branches are being used less often.

"We don’t take the decision to close any branch lightly and we assess each branch individually to understand the potential impact for customers, and the alternative options available to bank locally."

He added that the Telegraph House branch was used less than the one on Fargate.