A BANK in Reading town centre has announced its closure date as mass closures continue.

VIRGIN Money, on Friar Street, has announced the closure date for its Reading branch after revealing that it will be closing 39 of its UK banks.

A notice in the store window says Virgin Money will be closing on Wednesday, November 15.

The cash machine will be removed on Friday, November 10 so will be unavailable for use.

The stores which are closing have seen an average reduction in customer transactions of 43% since March 2020 and 96% of customers in these stores are transacting less than once a month on average.

Chief operating officer at Virgin Money, Sarah Wilkinson, said: “The decision to close a store is never taken lightly. But as our customers continue to change the way they want to bank with us, by conducting fewer transactions in-store and adopting the convenience of digital banking, we must respond to that evolving demand."

All stores that are closing are less than half a mile from the nearest Post Office, Virgin Money says.

Customers can use the Post Office to carry out day‐to-day transactions, including cash deposits and withdrawals, cheque deposits and balance enquiries as well as coin exchange.

Oxford and Milton Keynes stores also face closure.