NatWest and RBS closing 19 bank branches after 578 closures so far this year

NatWest Group has set out plans to close another 19 branches, mostly in the early part of next year, the latest tranche of hundreds of banks that have closed in recent years.

The bank said it will shut 18 NatWest branches and one Royal Bank of Scotland set. The NatWest branches are mainly spread across England, apart from one in Pontypridd in Wales.

The NatWest outlets will close towards the end of February or in early March, the bank said. Three of the sites are in London, with others in Redcar, Bradford, Birmingham, Maldon and Dudley, among others.

The one RBS branch that is set to close is on Sauchiehall Street in Glasgow, though it will stay open until November 19 next year. There has been a massive exodus of branches from the high street in recent years.

So far in 2023 alone, banks have announced the closure of 578 branches across the UK. The largest number of closures announced this year have been Barclays branches. The bank has said 185 of its sites are set to shut.

READ MORE Britons save just three percent of their income as living costs surge

NatWest is second with 116 branches, followed by Lloyds (112), Halifax (72), Virgin Money (40), Bank of Scotland (28), Ulster Bank (10), TSB (nine), RBS (five), and Nationwide (one).

It comes as the average number of transactions made over the counter at NatWest Group branches fell 60% in the four years to January 2023. Customers have chosen to use mobile apps instead.

NatWest said: “As with many industries, most of our customers are shifting to mobile and online banking, because it’s faster and easier for people to manage their financial lives.

Don’t miss…
Virgin Money offers top-paying 5.85% fixed rate ISA – but there’s a catch[SAVINGS]
UK borrowing doubles to £22.7billion in October compared to a year ago[BORROWING]
December and Christmas payment dates for benefits and state pension[PAYMENTS]

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

“We take our responsibility seriously to support the people who face challenges in moving online, so we are investing to provide them with support and alternatives that work for them.”

Many Britons who live in rural areas or small villages are being left without a local bank branch as more outlets close as customers move to online banking.

  • Support fearless journalism
  • Read The Daily Express online, advert free
  • Get super-fast page loading

NatWest branch closures

  • London – Chiswick High Road – February 20
  • Redcar – High Street East – February 20
  • Bradford – New Line – February 21
  • Surbiton – Victoria Road – February 21
  • Bakewell – Water Lane – February 22
  • Greenwich – Greenwich Church Street – February 22
  • Ormskirk – Moor Street – February 27
  • London – Station Parade – February 27
  • Morecambe – Marine Road Central – February 28
  • Wednesfield – High Street – February 28
  • Pontypridd – Taff Street – February 29
  • Rickmansworth – High Street – February 29
  • Birmingham – Bristol Road South – March 5
  • Liverpool – Prescot Road – March 5
  • London – Piccadilly – March 6
  • Rochester – High Street – March 6
  • Dudley – Castle Street – March 7
  • Maldon – High Street – March 7

RBS branch closures

  • Glasgow – Sauchiehall Street – November 19.

For the latest personal finance news, follow us on Twitter at @ExpressMoney_.

Source: Read Full Article