“It also comes at a time when inflation and rising energy bills are squeezing people’s spending power in a way we haven’t seen for decades, which is again hitting local shops hard.
“The shift to digital banking is irreversible, but so, too, is the damage caused by banks reducing their presence or opening hours on our high streets.
“Our message to consumers is, if you have less to spend, spend it wisely, not with the online giants but with the local businesses that are the bedrock of your communities. Right now, they are depending on your custom more than ever.”
The UK’s population of bank branches and ATMs have been significantly reduced, with almost half of bank branches in 2015 now closed.