A BANK in Wokingham is set to close its doors in February next year.
The NatWest branch on Broad Street will close on Thursday, February 9, 2023, due to a reduction in the number of people visiting in person.
This is one of 79 branches set to close nationwide as the bank deals with a change in banking habits, with many choosing to manage funds online or via an app.
Comparing January 2019 and January this year, the Wokingham branch saw a 68% reduction in the number of counter transactions for personal customers, with 76% of personal customers also using online banking or the mobile app.
According to figures released by NatWest, in 2021 the branch was used by 95 business customers and one personal customer on a regular basis.
When deciding to close a branch, NatWest said it considers the impact on customers, banking preferences, distance to the next nearest branch, location of a Post Office for everyday banking and all other banking options available to customers.
Across the country, the bank has seen average counter transactions reduce by 64% between January 2019 and January 2022 with the number of customers using mobile apps rising 38% in the same period.
For more information, visit: natwest.com
