NatWest announces closure of Wokingham branch after decision to cut 43 sites


NatWest announced the closure of a local Berkshire branch in its recent decision to continue with an online-oriented service.

Wokingham NatWest located on Rose Street in Wokingham town center will close on February 9, 2023 alongside 42 other banks across the country.

The UK’s second-largest lender said the vast majority of its retail banking can be done online, while being much faster and easier than going to a physical branch.

Despite this, only 6 jobs in the UK would be at risk.

“As in many industries, most of our customers are turning to mobile and online banking because it’s faster and easier for people to manage their financial lives,” a NatWest spokesperson said. “We understand and recognize that digital solutions aren’t right for everyone or in every situation, and when we close branches, we need to make sure no one is left behind.

“We take seriously our responsibility to support people who are having difficulty getting around online, so we are investing to provide them with support and alternatives that work for them.”

NatWest said that between 2019 and 2022 over the counter transactions have decreased by 68% and the Wokingham branch is used regularly by a personal customer.

NatWest banking can now be done at the post office in Wokingham, Embrook and Barkham.

Customers wishing to patronize a physical bank would travel to Bracknell for their nearest Wokingham location.


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