Massive UK bank branch closures

As the push towards online banking continues full steam ahead, a banking giant has taken the decision to close the doors of a set of branches, impacting two big names.

NatWest will call time at 21 branches, while RBS will close 11 sites. The move comes less than two years after RBS officially changed its name to NatWest Group following their mega merger. It has been indicated that the majority of staff will move to other branches, although 12 jobs are at risk.

“As in many industries, most of our customers are turning to mobile and online banking because it’s faster and easier for people to manage their financial lives,” a statement from NatWest said.

Virgin Money announces rate hikes

“We understand and recognize that digital solutions aren’t right for everyone or in every situation, and when we close branches, we need to make sure no one is left behind.

“We take seriously our responsibility to support people who are having difficulty getting around online, so we are investing to provide them with support and alternatives that work for them.”

The sites affected are:

NatWest Closures

Billericay, Essex

Borehamwood, Hertfordshire

Bulwell & Hucknall, Nottinghamshire

Chelsea, Greater London

Gillingham, Kent

Gosforth, Tyne and Wear

Headingley, West Yorkshire

University of Hull, East Yorkshire

Leatherhead, Surrey

Leeds-Victoria, West Yorkshire

Manchester Spinningfields Square, Greater Manchester

Marlow, Buckinghamshire

City of Nottingham, Nottinghamshire

Piccadilly and New Bond Street, Greater London

Ruislip, North West London

South Woodford, East London

Swanley, Kent

Tavistock Square, central London

Twickenham, West London

Windsor and Eton, Berkshire

Derby Crompton House, Derbyshire

RBS Closures

Bishopsgate, City of London

Cardiff City, Wales

Chelmsford, Essex

Cheltenham, Gloucestershire

Harrow, North London

Leeds Park Row, West Yorkshire

Leicester Market Street, Leicestershire

London Child & Co

Nottingham City Office, Nottinghamshire

Main Street in Southampton, Hampshire

Wilmslow, Cheshire

The moves are the latest in a series of branch closures across the UK – research from Which? showed that almost half of UK bank branches have closed or are closing since 2015. Closures have become so common that the Principality Building Society actually took the step last week to stress that it would not be closing branches until 2025 .

About Mary Moser

Check Also

Berkshire Hills Bancorp (NYSE:BHLB) update on

Berkshire Hills Bancorp (NYSE:BHLB – Get a Rating) was upgraded by analysts from a …