VIRGIN Money will close 31 branches as it “adapts to changing customer demand”.
Around 112 staff are at risk of redundancy from locations shutting.
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Customers will continue to be able to use Post Offices for day to day banking like withdrawing and depositing cash.
Fergus Murphy, group customer experience director at Virgin Money said: “As our customers change the way they want to bank with us and conduct fewer transactions in-store, we must continue to evolve the role of our stores into places where we showcase our products and bring our digital services to life.”
Virgin Money customers will be notified of the closures and posters will be displayed in the windows of branches affected.
Many major banks have closed branches in recent years, a trend that has accelerated because of the coronavirus pandemic.
More to follow…
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