NatWest’s Borehamwood branch to close as bank focuses 32 locations nationwide

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A NatWest branch in Hertfordshire is set to close as the bank announces the removal of 32 sites across the country.

The Shenley Road branch in Borehamwood is one of many branches to close.

NatWest attributed the decision to close 32 outlets to a drop in branch usage since the start of the Covid-19 pandemic.

READ MORE: Get the latest news from all over Borehamwood

The lender said the decision affected the NatWest and Royal Bank of Scotland brands, 32 of which will close in England and Wales over the next 12 months.

The big bank said it will “contact vulnerable customers to ensure they can continue to do business with us in a way that suits them best”, ahead of the shutdowns, with a number of elderly people relying on services.

A new postal cash and companion card delivery service has been rolled out nationwide for vulnerable customers, Mirror Online reports.

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The latest round of cuts comes just weeks after it emerged that two Post Office branches are closing each week in the UK.

Citizens Advice has warned that 206 post offices have closed in the past two years, the equivalent of two closures each week, leaving “huge voids” in communities and hitting the elderly, carers and those hardest. rural areas.

In addition, 1,291 branches are currently considered “temporarily closed”, but almost six out of 10 of them have been closed for more than two years, according to the report.

A NatWest spokesperson said: “As in many industries, most of our customers are turning to mobile and online banking because it is faster and easier for people to manage their financial lives.

“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.”

The number of jobs affected is unknown, but NatWest said staff would be redeployed where possible.

A statement added: “For the vast majority of colleagues during the branch closures, we will seek to redeploy them to appropriate roles within the branch network.

“For the small number of colleagues put at risk as a result of this announcement, we will seek to manage any redundancies on a voluntary basis, and will also explore redeployment opportunities where possible.”

In 2020, when NatWest last cut jobs, it terminated the positions of 550 employees in its retail business division and closed one of its offices in London.

A NatWest spokesperson at the time said: “We have made the decision to invite applicants for voluntary departure and will support colleagues who apply with a full support package. There will be no layoffs. mandatory following this announcement.”

NatWest also closed its Regents House office in London, which housed one of the bank’s largest technology centers and could accommodate 2,500 employees.

“We have reviewed our property strategy in London to better reflect how we will work going forward,” a NatWest spokeswoman said.

“As a result, we will be leaving Regents House and reconfiguring our remaining properties in London at 250 Bishopsgate and 440 Strand.”

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The NatWest agencies concerned

  • Billericay
  • Boreham Wood
  • Bulwell and Hucknall
  • chelsea
  • Gillingham-Kent
  • Gosforth
  • Headingley
  • University of Hull
  • leather head
  • Leeds-Victoria
  • Manchester Spinningfields Square
  • marlow
  • City of Nottingham
  • Piccadilly and New Bond Street
  • Ruislip
  • South Woodford
  • Swanley-Kent
  • Tavistock Square
  • Twickenham
  • Windsor and Eton
  • Derby Crompton House

Royal Bank of Scotland branches affected (England and Wales only)

  • Bishopsgate
  • Cardiff City
  • Chelmsford
  • Cheltenham
  • Harrow
  • Leeds Park Row
  • Leicester Market Street
  • London Child & Co
  • Nottingham City Office
  • Southampton Main Street
  • Wilmslow

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