Building society to close in Morecambe’s West End
The Yorkshire Building Society Morecambe Agency in the West End is closing in December.
Customers received letters which said: “The Yorkshire Building Society (YBS) at 42, Claremont Road in Morecambe will close permanently at 4.30pm on Thursday, December 3.
"The Morecambe Agency has had a change in circumstances, so has made the difficult decision to close the agency.
"Please note that it’s only the YBS agency part of the business that is closing.
"After careful consideration, we’ve decided not to replace it with an alternative outlet in Morecambe at this stage.
"The website https://www.ybs.co.uk/branch-or-agency-changes has more information about this.
"We understand this may be disappointing news and we’re sorry for any inconvenience this may cause you.
"We would like to thank the agency team for their dedication and contribution over the years.
"Please be assured that your money is safe and that this won’t affect any account (s) you have with us.”
YBS agencies are very similar to YBS branches.
The only differences are YBS agencies don’t offer insurance products and withdrawal limits differ when you withdraw from your account in an agency.
Yorkshire Building Society said on their website when reviewing data that Morecambe customers in the last 12 months comprised 749 active members (which was 57% lower than the average members across their branches and agencies); 61 members made a monthly transaction at the agency; 192 members used the agency frequently; 62% of members that had an open account opened at that particular agency hadn’t used the agency in the last 12 months.
They said the closest YBS branch was in Lancaster at 1-5 Ashton Walk, St Nicholas Arcades, Lancaster.
They also said there are other ways to manage an account which include online. Visit https://www.ybs.co.uk/help/online to register or log in.
Once registered for online services, you can download the mobile app.