Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Last bank in paddock wood closes, impacting local community

by July 12, 2024
July 12, 2024
Last bank in paddock wood closes, impacting local community

The last remaining bank in Paddock Wood, NatWest, has permanently closed its branch on Station Road, marking the end of all banking services in the expanding Kent town.

This closure follows the previous exits of HSBC and Barclays, leaving local residents without a dedicated bank.

Paddock Wood has experienced significant population growth over the past decade due to the construction of thousands of new homes. Despite this, NatWest has opted to shut its doors, with a spokesperson stating, “As we adapt our services to meet changing needs, we may take the difficult decision to close or consolidate some of our branches.”

Residents are now directed to the Post Office for basic banking services, such as cash withdrawals, cheque deposits, and balance enquiries. However, for payments or transfers, customers will need to travel to the nearest NatWest branch in Tunbridge Wells.

NatWest is encouraging customers to utilise its comprehensive range of online services, including internet banking via its app, video banking for both personal and business needs, and telephone banking.

The decision has been met with disappointment from the local community. In a leaflet, NatWest disclosed that customer usage of the branch had dropped by 67% between 2019 and 2023. Furthermore, in 2022, 72% of customers who visited the branch also used online banking services.

A NatWest spokesperson acknowledged the frustration but emphasised the bank’s commitment to a sustainable network. “While we know that this is disappointing, we have carefully considered how best to invest to make sure we have a sustainable network for the future. We are also significantly investing in refreshing our network, with close to £35m allocated for this purpose across the UK from 2023-24, alongside continued investment in shared solutions like the Post Office and banking hubs.”

Read more:
Last bank in paddock wood closes, impacting local community

0
FacebookTwitterGoogle +Pinterest
previous post
Labour faces legal quandary over proposed North Sea licence ban
next post
Calls for regulation of short-term holiday lets in brighton

You may also like

Trump’s media company shares plummet to record low...

August 20, 2024

Experience the delectable marijuana power of the hybrid...

May 7, 2025

Office attendance surges as hybrid and more localised...

February 28, 2023

Profits rise fourfold at ‘nimble’ Co-op Bank

March 2, 2023

Different Ways To Maximise The Limited Space In...

November 2, 2023

Types of Artificial Intelligence Courses Gaining Traction Among...

September 2, 2024

Five ways Modern Multi Factor Authentication (MFA) secures...

October 5, 2022

London to get new airport as Manston is...

August 23, 2022

UK government debt sell-off accelerates as borrowing costs...

January 9, 2025

Chekinah Olivier: “Securing investments for mining companies in...

July 1, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Half of Brits would trust AI for legal advice, survey finds – but experts urge caution

      June 9, 2025
    • Business leaders paralysed by risk warn BDO as caution stifles growth

      June 9, 2025
    • Starmer pledges £1bn investment to supercharge UK tech and AI infrastructure

      June 9, 2025
    • 5 terrifying flashpoints that could ignite global war

      June 9, 2025
    • HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap

      June 9, 2025
    • Believ secures £300m to roll out 30,000 public EV charge points across the UK

      June 9, 2025

    Categories

    • Business (8,161)
    • Investing (2,019)
    • Politics (15,572)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved