Which? uses cookies to improve our sites and by continuing you agree to our cookies policy

Nationwide set to close seven London branches

UK's biggest building society leaving south-east

Nationwide building society

Nationwide is to close seven of its London branches by the end of May

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.

Budget 2011 Live Blog

Budget 2011

The 2011 Budget on 23 March is set to have a profound effect on the British economy – but the measures announced by Chancellor of the Exchequer George Osborne will also influence your individual finances.

Follow the Budget as it happens by taking part in our Live Blog, and get expert, on-the-spot analysis of the Chancellor’s announcements.

Which? Money editor James Daley will be joined by Which? finance experts reporting on the Chancellor’s budget speech as it’s made, plus answering your questions on what the measures he has planned might mean for you.

Sign up now at www.which.co.uk/budgetlive for a reminder to watch our Live Blog on Budget day.

pound coins

Which? Money when you need it

You can follow @WhichMoney on Twitter to keep up-to-date with our Best Rates and Recommended Provider product and service reviews.

Sign up for the latest money news, best rates and recommended providers in your newsletter every Friday.

Or for money-saving tips, and news of how what’s going on in the world of finance affects you, join Melanie Dowding and James Daley for the Which? Money weekly money podcast

For daily consumer news, subscribe to the Which? news RSS feed here. And to find out how we work for you on money issues, visit our personal finance campaigns pages.

Back to top