NatWest to close 53 bank branches in new blow to high street – is your local is affected?
is set to close more branches this year as the shift to online banking continues.
The bank, which serves over 19 million customers, will close branches in 53 more locations.
This move is part of a broader trend, with thousands of branches having already being shut in recent years.
Since January 2015, over 6,200 bank and building society branches have closed, according to consumer group Which?. On average, this equates to 53 closures every month.
However, NatWest Group – comprising NatWest, Royal Bank of Scotland, and Ulster Bank – has closed 1,428 branches, the most of any UK banking group.
:
NatWest will be shuttering more branches as more customers take business online.
A NatWest spokesperson told : “Our customers are using digital banking more than ever before – over 80% of our active current account holders now use our digital services, and over 97% of retail accounts with us are now opened online.”
The bank added that it “strives” to meet its customers’ changing needs and expectations and has been responding to the industry-wide shift towards digital services by investing to broaden what customers can do themselves.
However, the ever-growing list of branch closures has drawn criticism from customers and charities.
Caroline Abrahams, charity director at Age UK, said: “The continuing avalanche of bank branch closures means that by the end of this year, there will be considerably fewer opportunities for face-to-face banking than there were even just a couple of years ago.
“Older people living in rural and semi-rural areas are likely to be the hardest hit, but those in towns and cities are not immune.”
The charity’s research found that more than four million older people with a bank account in Britain are not managing their money online, and so are at high risk of digital exclusion.
Ms Abrahams continued: “Physical spaces – whether a bank or building society branch, Banking Hub, or alternative suitable provision – must continue to exist so people can still carry out face-to-face tasks such as withdrawing and depositing cash, applying for a loan, arranging third party access to their account or starting bereavement proceedings.
“The disappearance of face-to-face banking risks cutting a significant minority of the older population out of an essential service, making it difficult if not impossible for them to manage their money and maintain their independence.”
Don’t miss… [EXPLAINED]
Full list of NatWest branches closing this year:
- Accrington
- Alfreton
- Beverley
- Bishop Auckland
- Blackburn – Audley – Copy Nook
- Bridlington
- Cannock
- Cleveleys
- Derby – Allenton
- Dewsbury
- Ellesmere Port
- Failsworth – Hollinwood – Oldham Road
- Farnworth
- Garstang
- Goole
- Keighley
- Leeds – Chapel Allerton – Harrogate Road
- Leeds – Cross Gates
- Leek
- Leyland – Golden Hill – Chapel Brow
- Liverpool – Walton Vale
- Long Eaton
- Louth
- Manchester
- Mansfield
- Market Drayton
- Mexborough
- Middleton
- Morley
- Nantwich
- Newark-on-Trent
- Newcastle upon Tyne – West Denton
- Nottingham – Sherwood – Hucknall Road
- Nottingham – West Bridgford
- Rawtenstall
- Rochdale
- Salford – Trafford Park – Third Avenue
- Sheffield – Ecclesall Road
- St Annes On Sea
- Stafford
- Stockport – Hazel Grove
- Stockport – Heaton Moor
- Stockton-on-Tees
- Stoke-on-Trent – Longton
- Urmston
- Uttoxeter
- Wallasey
- Washington
- Widnes
- Willerby
- Wilmslow
- Windermere
- Worksop.
NatWest has yet to announce the closure dates of these branches.