Another Natwest branch to face the axe

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A BANK has decided to close its branch in Portchester.

Lisa Williams, from NatWest, announced yesterday that it intends to shut the branch on March 25.

The bank is blaming an 11 per cent drop in the number of transactions at this branch over the last few years.

Ms Williams said that over the bank network there has been a 30 per cent drop in branch transactions since 2010 as people do their banking where and when it is convenient for them, while online and mobile transactions have grown by more than 200 per cent.

Ward councillor Roger Price said: ‘It is not in Portchester’s interest to close the branch. We are already down to just two banks.

‘I know they say we should bank online but Portchester has an ageing population of which a large number do not want to do internet banking.’

Ms Williams said customers would be able to use the Post Office to make deposits and that it would be installing more cash machines and investing £1bn over the next few years into its 400 other branches.

This latest closure follows the announcement last month that Natwest intends to close its Stubbington branch in February.