TSB is closing its branch in Albert Street, Dundee.
It is one of 25 less well used branches that the bank is closing in UK wide reorganisation to take place by the end of April 2017 to ensure it has the right branches in the right locations.
The Albert Street branch will be closed by the end of November 2016.
TSB said it was fully refurbishing 10 branches and refitting around 100 others to upgrade and modernise its network.
These branches will offer better technology, more facilities and improved services, including more self-service facilities and more TSB Partners on hand to help customers.
TSB said there are 13 towns and cities where it has multiple branches in close proximity and customers are showing a clear preference for one branch above another.
“As a result the bank will close 25 of the less well used outlets by the end of April 2017 and invest in the busier ones. This investment is part of TSB’s ongoing commitment to providing a strong branch network,” it said in a statement..
No less than 47% of the population will continue to live within two miles of a TSB branch. There will be no compulsory redundancies and TSB Partners in these locations will be relocated to another branch close by so no partner will have to work more than 10 miles from where they do now.
Peter Navin, distribution director, TSB, said: “Technology is increasingly popular with our customers but they are telling us that there are also times when only face-to-face contact will do.
“For example, when people are making a big decision, such as buying a new home, or when they need a helping hand. It’s at these times the human touch really makes a difference.
“This is why we are continuing to invest in our branch network as well as our digital offering and we’re excited to be opening new flagship branches in Aberdeen and Birmingham later this year.
“We’ve made a commitment to our customers to keep delivering the type of banking they want and deserve; a key part of that is having the right branches in the right places.”
