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Details have just started to emerge saying what will happen for thousands of Royal Bank of Scotland and Natwest customers when their branches are transferred to Santander.
 
As an RBS customer this is an issue that is close to my heart. Not only do I have my current account with RBS I also have an agreed overdraft with them as well as one personal loan that I still have another five years to pay on.
 
So if you’re worried about what will happen to your RBS account, let’s take a look at what the current proposals mean for us.

If your bank announces a merger, should you run a mile?
 
Judging by the way that customer satisfaction seems to plummet when two or more banks join forces, maybe you should!
 
So as a customer is it best to steer clear of a bank going through a merger – or to stick with them until the waters clear? We take a look at what it could mean for you if your bank decides to team up with a onetime competitor.

Back in September last year I wrote about having a double take when I heard that Williams & Glyn’s Bank could make a comeback.
 
Williams & Glyn’s was owned by The Royal Bank of Scotland and one of the early plans, before European competition decision meant they had to sell it, was to reinvent the brand, breathing life back into it, and making me rather happy. I had, after all, always wanted to bank with Williams & Glyn’s.
 
However, last week Spanish banking giant Santander agreed a £1.65bn deal with RBS to buy the 318 former Williams & Glyn’s branches it had put up for sale.
 
The transfer of RBS’ and NatWest’s business to Santander UK will amount to approximately £21.5 billion of assets and £22.4 billion of deposits, involving two million customers and around 5,000 employees.
 
Which is all very good. But being one of those said customers I’m not very happy.

Imagine the scene. A campaigner goes on TV to call on savers to withdraw their money from a bank that he says has been overcharging mortgage customers. Many do just that and just 12 days later, 600 million euros has been withdrawn – and the bank is in receivership. Couldn’t happen? Wouldn’t happen? It just [...]

Tesco is a shopping favourite for many of here in the UK… But would you use them for banking? Yes, in a bold move, you will be able to get you a credit card or loan alongside your fruit and veg as Tesco plan to open 30 bank branches in its shops by the end [...]

There was a time when a fixed rate mortgage could provide you with more security than Arsenal’s back four. Sadly it appears that those days are disappearing fast. That is because the cost of fixed-rate mortgages has hit a 10-year high; and it looks like it could climb further. Fixed rate mortgages always been popular [...]