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From the High Street to Apps: How Digital Banking is Being Adopted After UK Bank Closures

14th June 2025

Digital banking is reshaping how we handle money in the UK as we see high-street bank branches vanish across the country. SumUp found that 18% of people in the UK have gone fully digital and 23% love the lower fees and convenience. However, adoption is not as fast and smooth as you might first think, with 33% of respondents still clinging to their local branches.

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How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR


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