Nationwide makes major announcement on branch closures

Nationwide makes major announcement on branch closures View Image

Nationwide Building Society has made a new pledge to keep each of its 696 Nationwide and Virgin Money branches combined open until at least 2030. The new commitment, which extends the society’s existing “branch promise” by at least another two years, applies even when a Nationwide branch and a Virgin Money branch are close to each other. Nationwide bought Virgin Money last year.

The pledge has been made despite many bank branches being closed, with services such as banking hubs (where spaces are shared by multiple banks) and Post Office branches helping to plug the gaps. Nationwide said that while many vulnerable and older customers rely on the face-to-face support from a branch, many younger people also use branches.