Massive UK bank branch closures - Mortgage Introducer

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NatWest will be calling time on 21 branches, while RBS will shut 11 sites. The move comes less than two years after RBS formally changed its name to NatWest Group following their mega merger. It has been outlined that the majority of staff will relocate to other branches, though 12 jobs will be at risk.

“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,” a statement from NatWest outlined.

“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.”

The impacted sites are as follows:

Billericay, Essex

Borehamwood, Hertfordshire

Bulwell & Hucknall, Nottinghamshire

Chelsea, Greater London

Gillingham, Kent

Gosforth, Tyne and Wear

Headingley, West Yorkshire

Hull University, East Yorkshire

Leatherhead, Surrey

Leeds Victoria, West Yorkshire

Manchester Spinningfields Square, Greater Manchester

Marlow, Buckinghamshire

Nottingham City, Nottinghamshire

Piccadilly & New Bond Street, Greater London

Ruislip, North-West London

South Woodford, East London

Swanley, Kent

Tavistock Square, Central London

Twickenham, West London

Windsor & Eton, Berkshire

Derby Crompton House, Derbyshire

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

Southampton High Street, Hampshire

Wilmslow, Cheshire

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