Standard Bank announced in March that they will be closing close to 100 branches and some branches have already shut their doors.
The company said in a statement, “Standard Bank is realigning its retail and business banking delivery model to the changing needs of customers amid rapid adoption of digital banking products and services.”
According to the company, the shift of their customers to a more digital user base means their clients are using branches less and less. “A decision has also been taken to close 91 branches, with the vast majority of these closing by June 2019. These changes will impact approximately 1 200 jobs.”
Branches closed and set to close in the area are:
- Benmore Gardens service centre
- Bryanston service centre
- Chilli Lane service centre
- Cosmo branch
- Hyde Park branch
- Melrose Arch branch
- Newtown Junction service centre
- Randburg branch
- Randridge Mall service centre
- Rivonia branch
- Sandton (Alice Lane) branch.
To find out where your nearest branch will now be, visit the Standard Bank website
However, some of their customers are unhappy with the decisions the bank has taken, even complaining about the online services:
Standard bank doesn’t respect us.
— Zinsizwaziphelele Zondo (@SpeshZondo) June 1, 2019
Am I the only person shook by Standard Bank lately? The app doesn't work, can never find a working atm. The 4 branches closest to me have been closed. What a joke. pic.twitter.com/bk41fGM565
— OMG_its_Bee (@OMG_its_Bee) May 31, 2019
What's the story with standard bank? Are they going fully digital or downsizing and selling some assets?
— Stringer. (@khutsom_) June 4, 2019
Standard Bank uya sibulala, already 3 nearest banks to where I live are closed. Re naganeleng bathong. ???????????? pic.twitter.com/1t9wUFrdrz
— Thulaganyo ???????? ???? (@Smartie588) June 4, 2019
Related articles:
Banking products and services which are being rendered obsolete
