The Bank of Scotland has confirmed the closure of its Musselburgh branch, sparking concerns among local customers about access to essential banking services. The branch, located on Musselburgh High Street, will shut its doors permanently later this year.
This decision is part of a wider trend of bank closures across the UK, as financial institutions increasingly shift focus to digital banking. However, the move has left many residents, particularly the elderly and small business owners, worried about the impact on their daily banking needs.
Why Is the Branch Closing?
The bank cited declining footfall and the rise of online banking as key reasons for the closure. A spokesperson stated, "We’ve seen a significant drop in customers using the branch, with more people opting for digital alternatives."
What Are the Alternatives?
Customers will be directed to nearby branches in Edinburgh or encouraged to use online and mobile banking services. The bank has also highlighted the Post Office as an alternative for basic transactions, though some services will no longer be available locally.
Community Reaction
Local residents and business owners have expressed frustration, arguing that the closure will disproportionately affect vulnerable groups who rely on in-person services. One customer said, "It’s another blow to our high street and makes life harder for those who aren’t tech-savvy."
The closure is expected to take effect in the coming months, with exact dates yet to be confirmed.
