RBS to close two banks in Scotland

The Royal Bank of Scotland (RBS) has recently announced that it will close two of its banks in Scotland — Laurencekirk and Brechin, located in Aberdeenshire. Customers will be required to find alternative banking solutions come October 24, 2020. This news comes after a review carried out by RBS that indicated these branches had low customer numbers and usage was slowing even further.

RBS Review Findings

The Royal Bank of Scotland conducted a review of recent customer numbers and transaction activities at the branches, which included both mobile banking and in-branch visits. According to its findings, there had been a persistent low number of customers at the Laurencekirk and Brechin branches for some time, and over the past 12 months, 60 per cent of customers are choosing to take advantage of services online or through the mobile app.

Providing alternate banking services

RBS customers in these areas will be given the option of switching to other branches in local towns such as Montrose, Forfar and Stonehaven. Or, they may choose to use the Royal Bank of Scotland's mobile app or internet banking for managing their finances and carrying out transactions. Banking services are also provided through the post office and cash machines are still available in those areas.

FAQs

Q1: What alternate banking services are available?

RBS customers in areas affected by the change will have the option of visiting other local branches, using the mobile app or internet banking, or using services at the post office. Cash machines will also still be available in those areas.

Q2: When will these changes take effect?

These changes will take effect on October 24, 2020.

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