Full list of NatWest bank branches closing, including multiple London locations
NatWest bank will close some of its branches, as it moves banking services online. Although 43 branches will close, only six jobs are expected to be put at risk. People who are likely to be affected will be contacted by the bank.
On the decision, NatWest said: “As with many industries, most of our customers are shifting to mobile and online banking because it is faster and easier for people to manage their financial lives.
“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.”
NatWest isn’t the only bank to shake up the high street. Recently, 66 Lloyds and Halifax branches were shut down nationally. The company said visits to each one had fallen by an average of 60% in the last five years and by up to 85% in some locations, leading it to make cuts to its physical banks.
And in 2021, Santander closed 111 branches. The group said the decision was in response to the shift by customers towards mobile and online banking.
However, research has found that closures of local bank branches across the UK have increased demand for cash deposit services at post offices. The universities of Sheffield and Bristol conducted a study that found 10% of post offices had been affected by a bank closure within 1km (0.62 miles), resulting in a 27% rise in demand for cash deposit services.
Whereas post offices in areas unaffected by bank closures reported an 8% increase in demand for the same services.
Between April 2021 and March 2022, 800 bank branches closed across the country, mostly in urban areas and cities.
Which NatWest branches are closing?
18 Market Place, Henley-on-Thames
Hightown, Sandbach
141 High Street, Stourbridge
49 High Street, Wetherby
5 Broad Street, Wokingham
2 Spring Gardens, Buxton
York Street, Clitheroe
34 Southampton Road, Eastleigh
19 The Grove, Ilkley
44 Packhorse Road, Gerrards Cross
12 Station Road East, Oxted
181 Darkes Lane, Potters Bar
19 Market Street, Shipley
68 Palmerston Road, Southsea
37 High Street, St Neots
3 Cornmarket, Thame
Norfolk Square, Glossop
Corner of Alexandra and Sea View Street, Cleethorpes
209 Ashley Road, Parkstone
1 Market Place, Devizes
49 High Street, Uckfield
93 London Road, Waterlooville
130 High Street, Tonbridge
71 Lowther Street, Whitehaven
1 Courthouse Square, Dundee
214 High Holborn, London
21 St Mary’s Road, Market Harborough
11 High Street, Lewes
208 Lower Blandford Road, Broadstone
19 Miller Road, Ayr
209 Lower Addiscombe Road, Croydon
262 Union Street, Aberdeen
118 Walsgrave Road, Coventry
128 Balham Road, London
109 George Street, Edinburgh
19 High Road, Beeston
119 High Street, Berkhamstead
151 Bath Road, Cheltenham
14 Blythswood Square, Glasgow
124 High Street, Bromsgrove
1 Croydon Road, Caterham
34 High Street, Cheadle
91 London Road, Headington