September 30th, 2016

Natwest to close Foleshill Road branch

Natwest to close Foleshill Road branch Natwest to close Foleshill Road branch
Updated: 4:36 pm, May 07, 2015

NATWEST will close its Foleshill branch later this year, the bank has announced.

The firm said only 100 people used the Foleshill Road branch each week – around two an hour – and transactions had fallen by 16 per cent since 2011.

Seven people work at the site with bosses saying they always aimed to redeploy staff and keep compulsory redundancies to a minimum.

A 30 per cent fall in branch transactions has been seen nationwide since 2010 with online and mobile use growing by more than 200 per cent in the same period.

A spokeswoman said measures were being put in place to help customers when the site closed its doors on September 9.

“We have an arrangement with the local Post Office, which is close to the branch, that allows our customers to withdraw cash, check balances and pay bills free of charge.

“We also recently announced that in the coming months, our customers will be able to deposit both cash and cheques, and businesses will be able to get coinage, in any of the Post Office’s 11,500 branches across the UK.”

The cash machine will be retained at the branch with the nearest Natwest being two miles away in Walsgrave Road.