Bank to close branch due to falling demand

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A South Yorkshire branch of NatWest is due to close laster this year due to declining business.

The branch in Royston, Barnsley, is not linked to the main systems and there has been a drop of 30 per cent in transactions since 2010.

NatWest said it attributes the decline to people doing their banking online and by mobile more frequently than usual – transactions done in this way have grown by more than 200 percent and the bank expects the trend to continue.

Staff and customers have been informed of the closure, due to take place on Wednesday, November 12.

The bank has arranged with the local Post Office to allow customers to withdraw cash and check their balance for free. It has also said it will develop services to allow customers to pay money in and allow businesses to receive change over the coming months.

NatWest is investing over £1 billion over the next few years to improve its online and mobile banking and is planning on upgrading more than 400 branches to include iPads for customers to use to register and access online banking.

iT IS are also planning to install 100 more cash machines across the UK, including train stations.