NatWest has confirmed closures of dozens of branches all through the UK, including to the 1,431 closed branches since January 2015.
In 2024, 48 branches closed for good, a rise on the 20 in 2023. Because it stands for the time being, 53 extra branches will shut in 2025, with some already having shut their doorways.
NatWest itself has mentioned that closures are a part of a bank-wide push to give attention to digital banking providers, which it claims its prospects favor to make use of.
“Our prospects are utilizing digital banking greater than ever earlier than – over 80 per cent of our lively present account holders now use our digital providers and over 97 per cent of retail accounts with us are actually opened on-line,” mentioned the financial institution.
“Like every enterprise, we attempt to satisfy our prospects’ altering wants and expectations and we’ve been responding to the industry-wide shift in direction of digital providers by investing to broaden what prospects can do themselves and to supply them larger personalisation.
“We’re additionally considerably investing in refreshing our community – we anticipate to put money into extra of £20m in our community throughout the UK in 2025 to enhance customer support, improve the feel and appear of our branches, and scale back the environmental impression of our buildings, in addition to persevering with to put money into shared options just like the Put up Workplace and Banking Hubs.”
Nevertheless, this does go away prospects who depend on bodily, native banks with out providers, akin to aged individuals, disabled individuals, small enterprise homeowners, or these in rural areas with poor connectivity.
These teams might wrestle to depend on on-line providers, but in addition wrestle to discover a native department close to them.
The Monetary Conduct Authority (FCA) watchdog has mandated that banks and constructing societies which might be shutting down branches want to verify individuals in the area people can nonetheless entry their cash and monetary providers. Measures to plug these gaps embrace opening ATMs or banking hubs at Put up Workplaces.
These department closures, in addition to these at different financial institution chains, with the UK anticipated to be utilizing money for under 21 per cent of purchases. Some companies are additionally more and more solely providing playing cards as a fee choice.
Within the meantime, Natwest has confirmed which branches are closing within the UK. Discover the total record under.
Which Natwest branches are closing?
- Alfreton – June 2
- Accrington – June 5
- Uttoxeter – June 2
- Mexborough – June 3
- Heaton Chapel – June 3
- Ellesmere Port – June 4
- Stockton-on-Tees – June 4
- Accrington – June 5
- Longton – June 5
- Leeds, Cross Gates – June 10
- Rochdale – June 10
- Bridlington – June 11
- Manchester – June 11
- Keighley – June 16
- Leek – June 16
- Newark-on-Trent – June 17
- Washington – June 17
- Worksop – June 18
- Nantwich – June 19
- Stockport, Hazel Grove – June 19
- St Annes On Sea – June 24
- West Bridgford – June 24
- Beverley – June 25
- Stafford – June 25
- Garstang – June 26
- Mansfield – June 26
- Market Drayton – date TBC
- Cleveleys – already closed
- Bishop Auckland – already closed
- Cleveleys – already closed
- Dewsbury – already closed
- Failsworth – already closed
- Chapel Allerton – already closed
- Middleton – already closed
- Morley- already closed
- West Denton – already closed
- Ecclesall Street, Sheffield – already closed
- Widnes – already closed
- Windermere – already closed
- Blackburn, Audley, Copy Nook – already closed
- Cannock – already closed
- Derby, Allenton – already closed
- Urmston – already closed
- Goole – already closed
- Liverpool, Walton Vale – already closed
- Farnworth – already closed
- Leyland, Golden Hill, Chapel Forehead – already closed
- Salford, Trafford Park, Third Avenue – already closed
- Wilmslow – already closed
- Nottingham, Sherwood, Hucknall Street – already closed
- Wallasey – already closed
- Louth – already closed
- Lengthy Eaton – already closed
- Rawtenstall – already closed
