NatWest bank branch closures: Are we facing a cashless society?

In recent years, we've seen a steady decline in the number of bank branches across the UK. A recent report revealed that since 2015, over 4,000 branches have closed their doors. NatWest, one of the UK's largest banks, has announced plans to close 43 more branches by the end of the year.

This is a worrying trend, especially for people who rely on cash. For many, a bank branch is more than just a place to withdraw money. It's a place to get advice, pay bills, and even socialize. The closure of these branches is leaving many people feeling isolated and cut off from essential services.

"For me, my local bank branch was a lifeline," says 75-year-old pensioner, Mary Smith. "I don't trust online banking, and I don't have a smartphone. So, when it closed, I felt like I was losing my independence."

NatWest argues that the decline in branch usage is due to the increasing popularity of online and mobile banking. However, critics say that this is only part of the story.

"Banks are simply cutting costs," says campaigner, John Mann. "They're closing branches in poorer areas, where people are more likely to rely on cash. It's a disgrace.

But for many people, the damage has already been done. The closure of their local bank branch has left them feeling isolated and vulnerable.

So, are we facing a cashless society? It's certainly possible. But it's important to remember that cash is still an essential part of our economy. For many people, it's the only way they can pay for goods and services.

The government needs to take action to protect access to cash. They need to ensure that everyone has a way to access their money, regardless of their age or income.

Call to action

If you are concerned about the closure of your local bank branch, there are a number of things you can do.

• Contact your MP and let them know your concerns.
• Sign a petition to save your local branch.
• Switch to a bank that is committed to keeping branches open.