NatWest confirmed in letter to North Cornwall MP Dan Rogerson that the branch is set to close in February 2015.
The branch will close on 23rd February. RBS group, of which NatWest is a part, cite a decline in the numbers of people using the branch since 2011 as the reason for their “difficult decision.”
The branch will be informing customers in the area about alternative ways they can do their banking, including through an agreement with the Post Office to allow customers to pay money in, take money out, check balances, pay bills and get business coinage.
Commenting after the announcement, Dan said: “NatWest customers in Camelford and across North Cornwall will understandably be disappointed by the bank’s decision to close their branch on Market Place. Many people already struggle to access banking services and the prospect of having to travel even further to the nearest NatWest or RBS branch will make it extremely difficult or impossible for many, particularly the elderly, vulnerable or those without a car.
“Banking online or over the telephone is all well and good but many people and businesses in our area won’t be able to access these online services, with many more simply preferring to deal with someone face-to-face.
“This is another nail in the coffin for rural banking services, coming after the loss of HSBC in Padstow, the closure of Britannia in Bude and the removal of some services from HSBC in Bodmin. Other banks have indicated that they are set to close hundreds of branch over the next few years. I fear that this will disproportionately hit our rural communities.”
The decision will leave 2 banks in the town. Lloyds Bank, open from 9am to 1pm Monday - Friday, and Barclays which is open from 10am to 3.30pm Monday – Friday.