Royal Bank of Scotland Announces Significant Branch Closures Amidst Digital Shift
In a move reflecting the changing landscape of banking, the Royal Bank of Scotland (RBS) has announced the closure of 18 branches across Scotland, including six in the Glasgow area. This decision comes as a response to the increasing trend of online banking, with RBS reporting that over 80% of their active current account holders now bank digitally. The Digital Banking Era The transition to digital banking has been accelerating, with more customers opting for the convenience of online transactions. RBS has noted a significant shift in customer behavior, with a staggering 97% of retail accounts being opened online. This…