Kirton is to lose its branch of the NatWest bank in November.
However, customers will still be able to do some transactions at the local Post Office, as well as use the bank’s mobile app, online banking or the telephone. If unable to use these services, they will then have to travel 3.8 miles to the nearest NatWest branch in Boston.
Transactions at the branch in Kirton have fallen significantly over the last few years, according to a spokesman for NatWest.
The spokesman said: “We have taken the difficult decision to close the NatWest branch at Kirton.
“The branch is only open for 15 hours a week and has no technology so it’s not linked to our computer systems.
“Over our whole branch network there has been a 30 per cent drop in branch transactions since 2010 as people do their banking where and when it is convenient for them, whilst online and mobile transactions have grown by over 200 per cent.
“We expect these trends to continue as more and more of our customers bank with us through our mobile app, by online and telephone and through our upgraded ATM network.
“Overall, we are investing over £1bn over the next few years to give customers greater choice in how they bank with us.”
A number of measures are being taken to ensure customers still have access to banking in the area.
NatWest has come to an agreement with the local Post Office, so that customers can withdraw cash and check balances free of charge. In the coming months they will also be able to pay money in and businesses will be able to get coinage.
The last day the bank will be open is November 25.