RBS branch closures

Shakin_Steve
Shakin_Steve Posts: 2,700 Forumite
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in Budgeting & bank accounts
I see, in the news this morning, that RBS is closing 259 branches, costing 680 jobs. No doubt more details will emerge today. That includes 197 NatWest branches.
I came into this world with nothing and I've got most of it left.
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Comments

  • unforeseen
    unforeseen Posts: 7,279 Forumite
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    Understandable. I do everything online and haven't been in a bank since I set my business account up 12 years ago.

    You can't expect businesses to keep premises open if there is not the footfall to make it viable.
  • eskbanker
    eskbanker Posts: 30,939 Forumite
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    unforeseen wrote: »
    Understandable. I do everything online and haven't been in a bank since I set my business account up 12 years ago.

    You can't expect businesses to keep premises open if there is not the footfall to make it viable.
    Yes, according to their press release:
    More and more of our customers are choosing to do their everyday banking online or on mobile. Since 2014 the number of customers using our branches across the UK has fallen by 40% and mobile transactions have increased by 73% over the same period. Over 5 million customers now use our mobile banking app and one in five only bank with us digitally
  • molerat
    molerat Posts: 31,818 Forumite
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    edited 1 December 2017 at 9:48AM
    Scottish branches listed http://www.bbc.co.uk/news/uk-scotland-scotland-business-42188708
    Some are a more than one branch in a town scenario but the majority are small town branches which will hit rural communities.
  • pmduk
    pmduk Posts: 10,655 Forumite
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    Let's hope they identify the branches soon, it'll be sad for the staff concerned, but will put their minds at rest, for now, of those not affected.
  • unforeseen
    unforeseen Posts: 7,279 Forumite
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    In which case they have been spoilt.
    My village has never had a bank, the nearest one is a 20 mile round trip.

    My bet is that even if they get a mobile bank 2 or 3 times a week that would see very few if any customers. Unfortunately for the bank staff, the reasons to visit a bank for face to face discussions are few and far between so it's very difficult to justify keeping 4 or 5 people employed and paying business rates on a building all for the sake of not inconveniencing a very small number of customers.
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    Bank branches were being kept alive by the sales culture.

    That's been nobbled. Game over.
  • stclair
    stclair Posts: 6,844 Forumite
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    molerat wrote: »
    Scottish branches listed http://www.bbc.co.uk/news/uk-scotland-scotland-business-42188708
    Some are a more than one branch in a town scenario but the majority are small town branches which will hit rural communities.

    Here’s a list of NatWest Branches earmarked for clousure;

    https://www.thesun.co.uk/money/5041069/natwest-bank-closures-branches-job-losses/
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
  • Kim_13
    Kim_13 Posts: 2,402 Forumite
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    A shame as their ATMs dispense £5 notes which is handy.
  • Slinky
    Slinky Posts: 9,976 Forumite
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    stclair wrote: »
    Here’s a list of NatWest Branches earmarked for clousure;

    https://www.thesun.co.uk/money/5041069/natwest-bank-closures-branches-job-losses/

    There's something wrong with that list. Our local branch is listed, it closed earlier this year.
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  • northwalesd
    northwalesd Posts: 1,160 Forumite
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    Slinky wrote: »
    There's something wrong with that list. Our local branch is listed, it closed earlier this year.

    The NW in Machynlleth closed a couple of months ago (though we could be talking the same branch :D)
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