Why would you bank with Natwest (RBS)?

By : Administrator
Published 8th August 2016 |
Read latest comment - 8th August 2016

Anyone else doing their business banking with Natwest?

Feeling particularly underwhelmed with them at the moment. With recent news that business customers may be charged for making deposits as they allow for negative interest rates, we now hear that we might be getting sold off to Santander... again 

After the banking crash, RBS Natwest was told to sell off part of it's business banking division as a condition of the government bail out. Santander agreed to buy the business and, business customers like us that were affected were told we were moving over. This protracted into some online confusion as they prepared IT systems to be migrated, and I was less than happy after having had really bad experiences with Santander in the past.

After it looked like it really would happen, I started shopping around for a new bank, and to begin the painful process of moving to a new provider. Then all of a sudden the Santander deal fell through, and we were told we were staying with NatWest. Good news all round.

Then sometime later, it was decided a new bank was going to be formed, to offer some business banking competition, which would be called Williams & Glyn. We were told yet again we were getting moved, and would be part of this new bank, which would go live in 2017.

For the last couple of years, this is the log in screen we have had to look at.

Now we hear from the media that NatWest are now shelving the Williams & Glyn bank and Santander are now making a bid for the business  Radio silence from NatWest themselves.

I think it's time time to move banks as I finally get the message NatWest really doesn't want us!

Anyone else been stuck in the NatWest game of business banking ping pong?


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments

Not with business ,but have a bank account with them and they seem to do well enough


Thanks,
Andy-C | Pewter World

This Thread is now closed for comments