People in Long Sutton are to suffer a blow after NatWest Bank announced that it is to close its branch in Market Place on December 1.
The bank put the closure down to a 36 per cent drop in customers using its UK branches, while online activity has risen by more than 300 per cent.
It’s a surprise to me that the local banks don’t get together to share one premises and divide any overheads between them.Long Sutton district councillor Jack Tyrrell
A NatWest spokesman said: “We have made the decision to close the branch following careful consideration of a wide range of factors, including branch usage and the alternative ways our customers can bank with us locally.
“Our customers are increasingly using alternative ways to bank, such as online and mobile banking.
“As a result, branch transactions have declined by around 36 per cent since 2010 whilst online and mobile transactions have grown by more than 300 per cent.
“We are working hard to ensure there are a number of alternative ways for people in the area to continue to bank with us, including an agreement with the local Post Office where our customers will be able to check balances, deposit and withdraw funds.
“In addition, we intend to retain our ATM in the local community and introduce a Mobile Branch service about which we will be engaging with our customers and the local community to determine the best day and time for it to visit.”
But Long Sutton district councillor Jack Tyrrell said: “I’m a bit disappointed that yet another bank is closing in Long Sutton which is, I believe, a thriving town.
“It’s a surprise to me that the local banks don’t get together to share one premises and divide any overheads between them.
“This way of working is already being used effectively by South Holland District Council and other local authorities.
“I believe the banks ought to take a leaf out of the councils’ books and share resources.”