The Radlett Barclays branch will remain open until at least 2021 as part of the bank’s recent commitment to local communities.
It was announced in October that the British multinational bank had frozen branch closures for the next two years where the branch is the ‘last in town’ or remote.
Over 100 branches, including the village branch, have been saved in the initiative.
In addition, the bank is trialling how it can work with customers and communities to see if customer demand can be increased and help make them more worthwhile in the longer term.
Adam Rowse, MD branch-based banking at Barclays said: “We are constantly exploring new ways to evolve the role of the branch. By maintaining last in town or remote branches over the next two years, and working with the community, we hope to increase demand and keep these branches viable.
“We also recognise that there are opportunities to support customers with access to cash where there is no branch or ATM nearby. We are launching a cash back offering working with merchants to give customers access to cash over the counter. By behaving differently, we hope to see a real difference in how customers interact with us.”
Barclays is also planning on launching a cashback scheme for customers to withdraw cash from businesses in remote towns and areas without a branch or ATM from 2020.
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