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.
Have you been with the same bank for longer than you’ve been with your partner? If so, you’re certainly not alone. On average, says research from Santander, most people hold the same current account for 16.5 years, while the average Briton’s longest relationship lasts for 14.1 years.
So why do we stay put – and what could we stand to gain by moving? We take a look at some of the offers that are out there.
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.
With the recent loss of the Abbey name on Britain’s high streets, we thought it would be appropriate to give some more information on what is now one of the top 5 banks in the UK. – Read more about Santander As part of a new set of great features on Money Hospital, you can [...]
Abbey, Alliance and Leicester, Bradford & Bingley are famous banking names. But not for much longer! This is because their names will disappear from the UK high street, and change to Santander, the Spanish bank which owns them. The decision brings to an end three long-standing banking brands whose histories have stretched back to 1851. [...]











