Nationwide Building Society has announced plans to close seven branches in the south-east of London.
Branches in Blackheath, Catford, Elephant & Castle, Greenwich, Lewisham, Peckham and Woolwich are all expected to close by the end of May. The closures are thought to leave an estimated 670,000 people without a local branch of the UK’s biggest building society. The nearest remaining branches will be in either Bromley or Eltham.
The news comes after recent research from Which? money showed that a number of big-name high-street banks, including Barclays, HSBC and NatWest, are cutting their high-street branches.
Melanie Green, Which? Money principal researcher, commented: ‘Bank branches are still important for a lot of people as not everyone is comfortable or able to manage their finances online, so it’s a shame that Nationwide has decided to take this step.’
The Which? banking manifesto
The Which? banking manifesto calls on banks to put consumers at the heart of their business and ensure that customer service comes before short-term profit.
As part of the manifesto, Which? believes that banks and building societies should provide the services that customers need. A range of services must be available to prevent the exclusion of customers who are unwilling or unable to bank online.
Campaign for Community Banking
Which? is a member of the Campaign for Community Banking Services, which campaigns against bank branch closures. If you’re unhappy that your local bank is closing, we recommend you switch to a Which? recommended provider current account.
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