Monday, 11 December, 2017

RBS and Natwest bank branches to close with hundreds of jobs lost

RBS is set to close 259 branches and cut 680 jobs RBS is set to close 259 branches and cut 680 jobs
Charlie Simmons | 02 December, 2017, 01:35

Today's reductions follow 360 redundancies earlier this year and bring the total number of branch closures announced since March to more than 400.

The two branches in Shropshire are part of 197 Natwest and 62 RBS outlets being shut down by Royal Bank of Scotland.

Royal Bank of Scotland has announced it will close a quarter of its branches and axe almost 700 jobs in a move that unions claim could signal the end of face-to-face banking.

Since 2014 the number of customers using our branches across the United Kingdom has fallen by 40% and mobile transactions have increased by 73% over the same period. During the same period mobile transactions have increased by 73 per cent; and in the first half of 2017, there were 1.1 billion mobile and online transactions carried out by our customers: an increase of 41 per cent since 2014.

The NatWest in Newport will close next May.

These alternatives are set to include Community Bankers, Mobile Banks on Wheels and Post Offices, with the banking group stressing that "we're providing our customers with more ways to bank than ever before - they can choose from a range of digital to face-to-face options ... so that we can reach even more customers".

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"We are communicating with our customers affected by the closure and proactively contacting vulnerable customers and regular branch users".

The statement adds: "We are committed to ensuring our customers and communities are able to continue accessing quality banking services".

The bank said it was seeking to manage job losses on a voluntary basis and keep compulsory redundancies to a minimum.

"People have come to expect that it's possible in the modern world to get cash after 5pm, so this move represents a significant diminution in the services available to the public in Barra".

The company is blaming the closures on the fact that more people are choosing to do their banking online.

RBS ATMs don't need to be attached to an RBS branch and Post Offices also offer withdrawl and deposit services for most major United Kingdom banks.

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