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Another bank looks set to disappear from the High Street following today’s announcement that Santander will be closing their Ryde branch.

140 branches across the country will be closing their doors in 2019 as part of the bank’s restructuring programme.

The Ryde branch will close on 6th June 2019. After this date customers in the town will only be able to bank through a Post Office, via telephone, online or at a different Island branch.

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In total more than 1,200 jobs look set to be lost. It is unknown how many will go from Ryde.

Susan Allen, Head of Retail and Business Banking, has today (Wednesday) said:

“The way our customers are choosing to bank with us has changed dramatically in recent years, with more and more customers using online and mobile channels. As a result, we have had to take some very difficult decisions over our less visited branches, and those where we have other branches in close proximity.

“We will support customers of closing branches to find alternative ways to bank with us that best suit their individual needs. We are also working alongside our unions to support colleagues through these changes and to find alternative roles for those impacted wherever possible.

“We continue to believe that branches have a vital role to play and we will be refurbishing 100 of our branches over the next two years. We are confident that following these changes we will have the right branch network to serve our customers’ changing needs, and we expect the size of our network to remain stable for the foreseeable future.”

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