Halifax has announced it will leave a high street in Mitcham for good, causing “anger and disappointment” from local customers.
The branch, in Majestic Way, confirmed it will close its doors in the South London neighbourhood this November.
The planned closure comes a year after Mitcham lost a Barclays in the town centre.
Halifax has blamed a fall in visits and claims more than three-quarters of customers use other ways of banking, including online and over the phone.
But MP for Mitcham and Morden, Siobhain McDonagh, said it is vital for local people to have access to cash.
The Labour MP has set up a stall outside the bank in Majestic Way and organised a public meeting next week.
Ms McDonagh said: “There is anger and disappointment at the closure of another bank or building society.
"We are attempting to get Halifax to meet their customers but so far they are resisting.
“There is a big move towards cash with the cost of living crisis but the ability to get cash as the banks close is getting more difficult.”
Halifax said the nearest ATM is less than 0.1 miles away from the branch.
But Ms Mcdonagh said the loss of an indoor cash point will be a blow for some residents.
She added: “A lot of people, particularly the elderly feel unhappy about using an ATM on the street they would rather go inside the bank, that is being denied to them.
"Customers have been long-standing and loyal and they deserve a great deal more respect.”
A spokesperson for Halifax said: “Visits to our Mitcham branch have fallen over recent years, as many customers now choose to bank in different ways.
"When the branch closes in November, customers can continue to bank with us in person at the Tooting branch, or at the Post Office on Langdale Parade.”
A public meeting will be held at St Mark’s Church on Thursday, September 15 at 11am.
Halifax plans to close the branch on November 22.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here