The disappearance of banks from our high streets is becoming a growing trend - but experts say closures are inevitable as more customers switch to online, a trend accelerated by the pandemic.
AIB is closing eight of its branches, an announcement that followed Danske Bank's decision to shut four more, while Bank of Ireland is in the process of shutting down 15.
These latest closures mean there will be just over 100 "big four" branches across the region, down from 236 a decade ago.
SDLP economy spokesperson, Sinéad McLaughlin, said the AIB branch closures "will damage towns and villages....and hold back their recovery from the coronavirus pandemic”.
AIB is to close bank branches in Bangor, Lisburn, Omagh, Coleraine, Newcastle, Kilkeel, Glengormley and Lurgan. Danske Bank announced last Friday its branches in Ballygawley, Hillsborough, Mallusk and University Road, Belfast will close on October 22.
In total, after the latest announcements, there will be 102 branches of the four main Northern Ireland banks, Ulster, Danske, AIB First Trust and BoI.
Ulster had 90 branches 10 years ago and now has 44, Danske, previously Northern, will have dropped from 72 to 38 by October, while AIB, following its latest announcement, will have just seven, down from 30 a decade ago.
Bank of Ireland began shutting its 15 branches in June, starting with three in Belfast, on the Lisburn, Ormeau and University roads, along with two others, in Lisburn and Downpatrick. The process will continue through the summer and autumn.
"This is yet another body blow to traditional retail centres, which are trying to recover from the double whammy of online competition and the pandemic," Ms McLaughlin, a Foyle MLA, said.
"Customers are being penalised as banks cut their costs, while workers will fear for their jobs. This is an especially bad situation for elderly users of bank branches, who are more likely not to be using online and telephone banking services. Rural areas will also suffer."
The closures are linked to the move by most customers online, which has "accelerated dramatically" due to the Covid-19 pandemic, said Brian Gillan, Northern Ireland head of retail at AIB.
"The 'digital first' customer transition, which has been an industry-wide trend over the past four years, has accelerated dramatically due to the Covid-19 pandemic as even more people adapted to online platforms," he said.
"These undeniable and irreversible trends have in turn influenced our strategy and led to the decision to close branches that are no longer sustainable."
Scott Kennerley, director of financial services at the Consumer Council, described the AIB announcement as "another blow to consumers who rely on face-to-face banking”.
"This announcement will be disappointing news for many AIB customers. Whilst the ability to access banking services through the internet, apps and over the phone is important, there are still many people who rely on face-to-face banking through their local branch," Mr Kennerley said.
The council is advising consumers that they can visit their nearest post office to pay in cash and cheques, withdraw money, and check their balance.
“Before the AIB branches in Bangor, Coleraine, Glengormley, Kilkeel, Lisburn, Lurgan, Newcastle and Omagh close, we would advise customers to think about their needs and preferences, and then liaise with their local branch to discuss the options that are available," Mr Kennerley added.
“The Consumer Council is continuing to monitor the impact of branch closures across Northern Ireland and is working closely with the financial sector to represent consumers."
Ms McLaughlin advised customers to consider credit unions as an alternative as "these are not-for-profit, community-based organisations, that provide a range of financial services".