of Burnham banks is as 'short-sighted as closure of railways'
disgusted Burnham-On-Sea resident has spoken out against Nat West's
decision to shut its branch later this year.
Burnham-On-Sea.com first reported
here last week, the branch, at the junction of Regent Street
and Victoria Street, will close down on October 10th, 2017. HSBC
shut its Burnham branch in January.
George Moon told Burnham-On-Sea.com: "I regret to learn of
yet another local bank branch closure - this is in my view a policy
as short-sighted as the wholesale closure of railway lines half
a century ago."
I agree online banking has grown and is very convenient, but you
cannot pay in cheques and cash online, draw or exchange foreign
currency or obtain change."
businesses and organisations need local banks - to say 'Go to the
Post Office' is not satisfactory and though the Burnham PO staff
are good the place often has queues as it is."
hope that those which close branches will lose business to those
who remain open. Lloyds' policy is not to close branches if there
is not another within five miles so on that basis Burnham should
be safe - Lloyds is already the busiest bank in the town."