"It is bad enough that people in Barra and Vatersay will be unable to have face-to-face contact with their bank, other than by possible occasional visits by a mobile van, but RBS also seem to be saying they will be withdrawing their cash machine, the only one on the island".
-RBS closed its "bad bank" on Thursday, after the United Kingdom government said in November it plans to start selling 15 billion pounds of shares in RBS next year, according to Reuters. In England and Wales the number of NatWest branches will fall to 655.
The redundancy programme will lead to about 680 redundancies and the RBS branch network is aiming to manage this process on a voluntary basis. Since 2014 the number of customers using our branches across the United Kingdom has fallen by 40% and mobile transactions have increased by 73% over the same period.
An RBS spokesperson said that the decision came as a result of more and more customers choosing to do their everyday banking online or on mobile; since 2014, the number of customers using the network's branches has fallen by 40%, while mobile transactions have increased by 73% over the same period.
Rob MacGregor, national officer at Unite, which is representing staff across RBS, believes "serious questions need to be asked about whether these closures mark the end of branch network banking". The situation has sparked fears that some communities will be left without bank branches, with many still unfamiliar with online processes.
The state-owned lender is the third bank in Britain to announce job cuts this week, following Lloyds and the Yorkshire Building Society.
'We provide our customers with more ways to bank than ever before, ' she said. In March, RBS announced the closure of 158 sites, with 500 job losses.