Barclays in Cosham set to close in October

Barclays Bank on Cosham High Street
Barclays Bank on Cosham High Street

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  • Branch shutting after decline in customers
  • More people banking over the phone and online
  • Customers say it’s a blow to the high street
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ANOTHER high street bank is preparing to close its doors as the Barclays branch in Cosham will shut due to a gradual decline in customers.

Barclays has announced the closure will take place on Friday, October 9.

By closing this it will have an impact in terms of footfall to the high street. It’s a really big blow

Councillor Aiden Gray

After that people who bank with Barclays will have to travel two-and-a-half-miles away to North End.

But customers say they are disappointed.

Tony Broom, 52, of Waterlooville said: ‘I think its a shame for them to be leaving the high street. I believe there’s still plenty of people who would like to go into a branch and physically talk to people and deal with them face-to-face rather than over the phone or online.’

Karen Allan, 54, of Drayton said: ‘I think it’s unnecessary because I don’t believe it is a lack of footfall. I think it’s more or less to do with finances and staffing because they are always short on staff due to the amount of redundancies they’ve made in the past few years. It’s convenient for them, not the customer.’

Peter Watts, age 24, of Drayton said: ‘It’s a shame they’re taking away our local Barclays. Now we’re going to be forced to travel and have to use online services, which I don’t trust.’

Patricia Colgan, 54, from Cosham, added: ‘It’s upsetting really. I always go in there to pay my bills. It’s inconvenient.’

Councillor Aiden Gray, ward councillor for Cosham, said: ‘It’s terribly sad. In the north of the city in particular we have had a lack of investment. By closing this it will have an impact in terms of footfall to the high street. It’s a really big blow.’

Donna Hagan, Barclays community leader, said: ‘The way customers undertake their banking is changing as people increasingly use online, telephone and mobile devices.

‘Our records show that since 2008 the overall use of this branch has fallen by over 50 per cent and that around 60 per cent of our customers are already using other nearby branches, which is why we have taken the difficult decision to close the branch.’

Barclays did not say many staff would be affected.