The only bank on Deptford High Street is closing in early 2021, meaning residents will have to travel to Lewisham or Greenwich to access in-store services.
The Barclays branch will close its doors on January 11, further reducing access to free cash machines on the high street, of which there is just one other at ASDA.
Despite daily queues outside being a common sight, Barclays says that there has been a 19 per cent reduction in over the counter transactions at the bank since in the last two years.
Local blogger Deptford Dame said: “Very disappointed to hear that Barclays Bank is deserting Deptford High St.
“Terrible news for residents of the area many of whom live in digital poverty and rely on the local branch.
“Also a blow for our many small businesses. It’s always busy so what justification for closing it?”
The next nearest branches for Barclays customers will be at 93 Lewisham High Street, 1.4 miles away and 16 Tranquil Vale, Blackheath, 1.9 miles away.
Barclays says it does “intend to make anyone redundant” because of the closure, and that branch employees will be offered alternative roles in the company.
A Barclays spokesperson said: “The decision to close a branch is never an easy one. However, customers are increasingly using alternatives to branches to do their banking.
“As a result, we are seeing a sustained fall in branch visits across the UK.
“This is reflected at the Deptford branch where there has been a 19 per cent reduction in counter transactions in the two years to March 2020.
“In addition, 91 per cent of our customers at the branch are also using different ways to bank.
“We will work with our customers and provide alternative options to ensure they can continue to manage their money and receive financial expertise when required.”
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