YET another bank in Andover’s High Street has announced it is closing down this summer.

Halifax has announced it will be closing its branch at 3-3A High Street in Andover on July 25.

This comes after Barclays announced that it will be closing its Andover High Street branch in May.

Halifax, which is a wholly-owned subsidiary of Lloyds Banking Group, said it will be writing to customers shortly to explain the branch will be closing.

READ MORE: Barclays bank on Andover High Street to close in May

It will also close the cash machine outside the branch.

The staff who work in the branch will be offered the chance to move to a role at another branch or another part of its business.

The bank said it carried out a thorough assessment of the alternative services that are available and how its customers are banking with it before reaching the decision to close the branch.

The nearest Halifax branches to Andover are now in Winchester and Newbury.

The nearest Post Office to Andover branch is 31 High Street, Andover, SP10 1LJ.

Halifax said it will provide the service of a community banker who will have set hours in a space in the local area such as a library.

The community banker will spend time with customers and help them with banking enquiries.

Halifax said it will be setting up the new service shortly.

The Advertiser has seen a letter that Halifax sent to a local councillor in which the bank said visitors to its branches have fallen over recent years.

The number of transactions by personal customers using this branch have fallen by 56 per cent over the last five years, according to Halifax.

It added that many customers now choose to bank online or through their mobile app.

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The bank added that people can withdraw or deposit cash in the Post Office, as well as paying in cheques.

All customers who regularly use the branch will receive a letter with details of other ways they can bank with Halifax.

Reacting to the announcement, Test Valley Borough councillor Iris Andersen said it is disappointing news.

"This isn't really happy news to receive," she said. "Two banks next door to one another are going in such a short time."

A Halifax spokesperson said: “As many customers now choose to bank through their mobile app or online, visits to our Andover branch have fallen over recent years. The local Post Office offers everyday banking, with cash also available at close by free-to-use ATMs. Customers can also manage their money online, through our mobile banking apps, by calling us or speaking to a Community Banker.”