Big changes ahead as NatWest starts closing 49 branches across the UK, including five in Wales! Today marks the farewell for branches in Cwmbran and Wisbech. Coming up next are Leicester and Rayleigh tomorrow. By the end of October, a total of 49 branches will bid adieu, including Bristol, Llangefni, and Birmingham.
Why the closures? NatWest is embracing the digital age, noting that over 80% of its current account holders are already using online banking, with 97% of retail accounts being opened online. While this shift meets the needs of many, it sparks concerns for some—about 39% of people over 65 are not using online banking, risking financial exclusion.
Here’s your ultimate closure list:
– Cwmbran & Wisbech – Sep 1
– Leicester & Rayleigh – Sep 2
– Halesowen – Sep 3
– Bristol (Fishponds) & Llangefni – Sep 4
– More destinations soon…
This move is part of a broader trend where traditional high street banks are reducing physical locations, shifting towards cashless and virtual solutions while attempting to keep vulnerable customers in the loop with initiatives like free ATMs and banking hubs.
Widespread closures have affected many across the UK, with Santander leading the summer shutdowns. Since 2015, NatWest and its partners have seen over 1,400 branches fade away, highlighting the rapid digital transformation of the banking world.
Stay informed and let us know how these changes are impacting you or your community! 💬💸