NatWest Bank has announced its Wanstead branch is to close, along with 35 others around the country. It means that for the first time in living memory, Wanstead will not have any banks or building societies. Fifteen years ago there were five.
In a statement the bank said: “As with many industries, most of our customers are shifting to mobile and online banking, because it’s faster and easier for people to manage their financial lives.
“We understand and recognise that digital solutions aren’t right for everyone or every situation, and that when we close branches we have to make sure that no one is left behind.
“We take our responsibility seriously to support the people who face challenges in moving online, so we are investing to provide them with support and alternatives that work for them.”
The branch will close in October.