Barclays to scrap traditional branch cashiers

clock

Barclays will scrap its 6,500-strong cashier team in October, converting them into 'community bankers' with iPads.

The bank has already started a trial of 'counter-less' service in 37 branches, according to the Daily Mail. The plan will see this rolled out across the 1,600-strong branch network.

Staff numbers will be unaffected by the change, with those who enrol as community bankers promised a small pay rise, the report said.

Barclays said the initiative “reflects the radical way banking is changing with customers increasingly choosing to conduct basic transactions through a digital platform and instead using branches for more in-depth conversations with staff”.

The bank's profits fell in the first quarter of 2014. However, the change was driven by a 50% drop in investment bank profits, an arm of the bank which is currently undergoing a restructure.

More on Investment

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

Trium Capital's Donald Pepper: Tariff tide reveals those swimming uncorrelated

'Conventional diversification no longer provides adequate protection'

Donald Pepper
clock 30 April 2025 • 4 min read
Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Event Voice: Your questions answered by FSSA Investment Managers at the Emerging Markets Conference

Angus Sandison, Investment Analyst, FSSA Investment Managers
clock 24 April 2025 • 3 min read
US M&A spending jumps 50% in March as deal volume declines

US M&A spending jumps 50% in March as deal volume declines

Near 6% drop in number of deals happening

Eve Maddock-Jones
clock 23 April 2025 • 1 min read
Trustpilot