Barclays pledges to stay open – for now

Barclays Bank is the last bank in town, following the closures of NatWest and the Norwich and Peterborough Building Society. However, Barclays has issued a time-limited promise: the company will keep open Oundle’s branch until at least October 2021 as a commitment to rural communities and towns where they are the last remaining bank.

The bank had announced in October that customers would no longer be able to withdraw cash from post offices from January 2020, which caused widespread upset.

Within a few weeks, the company stepped back from that plan and pledged to maintain full post office services, including cash withdrawals, for three years.

Uppingham lost its Barclays branch earlier this year.

Barclays says that it is reluctant to close local branches due to the consequences and inconvenience to local areas, and Barclays is trialling means by which it can work with communities, including flexible opening hours, and new technologies such as video-banking.

Adam Rowse MD of Branch Based Banking at Barclays said: “We are constantly exploring new ways to evolve the role of the branch.

“By maintaining last in town or remote branches over the next two years, and working with the community, we hope to increase demand and keep these branches viable.”

Esme Kroese

December 4, 2019