NatWest to close 53 bank branches in 2025 – full | U.Ok.Finance Information
NatWest is set to close more branches this 12 months because the shift to online banking continues.
The bank, which serves over 19 million prospects, will close branches in 53 more areas.
This transfer is an element of a broader pattern, with 1000’s of branches having already being shut lately.
Since January 2015, over 6,200 bank and building society branches have closed, based on shopper group Which?. On average, this equates to 53 closures each month.
Nevertheless, NatWest Group – comprising NatWest, Royal Financial institution of Scotland, and Ulster Financial institution – has closed 1,428 branches, essentially the most of any UK banking group.
A NatWest spokesperson mentioned: “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.
“Like any business, we strive to meet our customers’ changing needs and expectations, and we’ve been responding to the industry-wide shift towards digital services by investing to broaden what customers can do themselves and to offer them greater personalisation.
“We are also significantly investing in refreshing our network – we expect to invest in excess of £20million in our network across the UK in 2025 to improve customer service, enhance the look and feel of our branches, and reduce the environmental impact of our buildings, as well as continuing to invest in shared solutions like the Post Office and Banking Hubs.”
“Digital banking continues to provide new and inclusive ways of allowing the overwhelming majority of our individual and business customers, including the elderly and vulnerable, to bank with us in ways that they weren’t able to before. But we know that a small number of people are not yet comfortable with it, which is why we are proactively reaching out to support them with this transition, having made over 200,000 calls last year. We also have experts that they can speak to for support and guidance.”
Nevertheless, the ever-growing listing of department closures has drawn criticism from prospects and charities.
Caroline Abrahams, charity director at Age UK, mentioned: “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 dwelling in rural and semi-rural areas are more likely to be the toughest hit, however these in cities and cities aren’t 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: “Bodily areas – whether or not a bank or building society department, Banking Hub, or different appropriate provision – should live on so people can nonetheless perform face-to-face duties reminiscent of withdrawing and depositing money, making use of for a loan, arranging third social gathering entry to their account or beginning 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.”
- Accrington
- Alfreton
- Beverley
- Bishop Auckland
- Blackburn – Audley – Copy Nook
- Bridlington
- Cannock
- Cleveleys
- Derby – Allenton
- Dewsbury
- Ellesmere Port
- Failsworth – Hollinwood – Oldham Highway
- Farnworth
- Garstang
- Goole
- Keighley
- Leeds – Chapel Allerton – Harrogate Highway
- Leeds – Cross Gates
- Leek
- Leyland – Golden Hill – Chapel Forehead
- Liverpool – Walton Vale
- Lengthy Eaton
- Louth
- Manchester
- Mansfield
- Market Drayton
- Mexborough
- Middleton
- Morley
- Nantwich
- Newark-on-Trent
- Newcastle upon Tyne – West Denton
- Nottingham – Sherwood – Hucknall Highway
- Nottingham – West Bridgford
- Rawtenstall
- Rochdale
- Salford – Trafford Park – Third Avenue
- Sheffield – Ecclesall Highway
- 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 but to announce the closure dates of these branches.
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