Royal Bank of Scotland to close 44 branches

Banking and Borrowing

Updated on 20 May 2014 | 2 Comments

44 branches to go, including 14 that are the 'last branch in town'.

Royal Bank of Scotland has confirmed it is to close 44 branches across the UK.

14 of the closures are the ‘last branch in town’.

RBS defended the move, pointing out that there has been a 30% drop in branch transactions since 2010. It argued that many branches classed as ‘last bank in town’ are only open for a few hours a week anyway.

It also suggested that its customers are more likely to want to bank online or on their mobile anyway, and emphasised that people can still carry out many banking functions in their local Post Office.

The move follows Clydesdale and Yorkshire Banks’ decision to axe 28 “unsustainable” branches last month.

How often do you use your bank branch? What difference would it make to you if it was closed? How much of your banking is now done online? Let us know your thoughts in the comments box below.

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