NatWest’s ‘devastating’ blow to Anglesey

NatWest’s announcement that it’s to close its Amlwch, Holyhead and Menai Bridge branches next year has been described by the Ynys Môn AM as ‘devastating’. The announcement leaves just one NatWest branch on Anglesey, and crucially leaves another one of the island’s towns with no bank.
Rhun ap Iorwerth AM said: “I’m angry, and I feel the people of Anglesey are being let down – by NatWest and the wider banking sector. Banks have been ripped out of our towns at an astounding rate which shows no regard for the people who have helped banks make huge profits.
He added: “The HSBC decision to close its Amlwch branch was the other recent blow. Beaumaris recently lost the last of its banks following successive closures, and now Menai Bridge is to face the same fate.
“I also feel for the dedicated staff who’ve worked hard offering excellent banking services.”
NatWest say the move is the result of a shift to online banking, but their own figures show around half of the customers at Amlwch, Menai Bridge and Holyhead do no online banking whatsoever.
The AM said: “Let’s be clear – this is about maximising profits. Has footfall at these banks fallen? Yes. Are the banks still making money? Yes. Banks should consider themselves to be networks serving the population as a whole rather than penalise customers in rural areas as they concentrate on their money-making urban branches.
“Banks should find a way to work together to continue to provide an adequate level of service, and Government should take whatever steps are necessary to protect services. The Post Office provides many services, but is no comprehensive replacement, especially for business customers.”
Mr ap Iorwerth says he will be seeking an urgent meeting with NatWest bosses.