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    • advantix
    • By advantix 28th Jan 08, 8:42 AM
    • 193 Posts
    • 68 Thanks
    advantix
    • #2
    • 28th Jan 08, 8:42 AM
    • #2
    • 28th Jan 08, 8:42 AM
    NO, not yet, because although they are both owned by the same parent, they are seperate entities. Thats like trying to pay into a RBS account from LTSB.


    EDIT to say: OK so i was wrong again. Never mind
    Last edited by advantix; 29-01-2008 at 9:06 AM.
    • amandathepanda
    • By amandathepanda 28th Jan 08, 5:49 PM
    • 421 Posts
    • 150 Thanks
    amandathepanda
    • #3
    • 28th Jan 08, 5:49 PM
    • #3
    • 28th Jan 08, 5:49 PM
    Yes you can pay in to an RBS account at Natwest. It will take 3 days for the credit to reach your account though. The only restriction for cheques is that any cheque can only be for a maximum of £5000.
    • Hazzanet
    • By Hazzanet 28th Jan 08, 6:21 PM
    • 1,597 Posts
    • 891 Thanks
    Hazzanet
    • #4
    • 28th Jan 08, 6:21 PM
    • #4
    • 28th Jan 08, 6:21 PM
    Theoretically any bank with access to clearing can accept a credit for any other bank as long as it's accompanied by a pre-printed paying in slip.

    Whether the bank in question wishes to take the credit and process it on your behalf is another matter entirely.

    Oh and yes, LTSB could take an RBS credit, but I would hazard a guess that it would attract a counter fee for LTSB to process it.

    HTH
    4358
  • natweststaffmember
    • #5
    • 28th Jan 08, 6:25 PM
    • #5
    • 28th Jan 08, 6:25 PM
    Just to add to amanda's informed post. You would need a pre printed paying in slip. NatWest would not accept non RBS Group credits accompanied with a non RBS Group cheque.(that is how fraud can occur)
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
    • Hazzanet
    • By Hazzanet 28th Jan 08, 6:30 PM
    • 1,597 Posts
    • 891 Thanks
    Hazzanet
    • #6
    • 28th Jan 08, 6:30 PM
    • #6
    • 28th Jan 08, 6:30 PM
    NatWest would not accept non RBS Group credits accompanied with a non RBS Group cheque.(that is how fraud can occur)
    Originally posted by natweststaffmember
    The dreaded "triangular" credit
    4358
  • Scousebird
    • #7
    • 31st Jan 08, 7:49 PM
    • #7
    • 31st Jan 08, 7:49 PM
    ooooooooooooh-lets not forget tigger triangulars-when some muppet doesn't realise and the chq bounces but credit is already teller posted!!
  • borosteve
    • #8
    • 31st Jan 08, 8:04 PM
    • #8
    • 31st Jan 08, 8:04 PM
    Is it possible to pay into an RBS account at a NatWest branch?
    Originally posted by RichardJohn
    You may find although it is possible using one of the paying-in slips at the back of your cheque book, you may get a blank look from the odd clerk. I have to do this the other way around about once a month and I have mostly had no problems except one particular branch of RBS near Edinburgh where the lady said I couldn't deposit my cash, then after checking with her manager said they would let me do it but as a one off. I just use a different, more friendly branch now.
    You can't go wrong with carpet bombing...
    • Hazzanet
    • By Hazzanet 1st Feb 08, 6:24 AM
    • 1,597 Posts
    • 891 Thanks
    Hazzanet
    • #9
    • 1st Feb 08, 6:24 AM
    • #9
    • 1st Feb 08, 6:24 AM
    ooooooooooooh-lets not forget tigger triangulars-when some muppet doesn't realise and the chq bounces but credit is already teller posted!!
    Originally posted by Scousebird
    LOL!!!
    4358
  • natweststaffmember
    triangular credit is banking jargon for what I explained in long hand. Hazzanet has clearly worked for a bank/or still does.
    I have not worked for NatWest Bank since February 2009

    This username is no longer active.
    • Hazzanet
    • By Hazzanet 1st Feb 08, 10:18 PM
    • 1,597 Posts
    • 891 Thanks
    Hazzanet
    Yes NWSM... I used to work for NatWest also.

    For those wondering why a bank would not normally accept a "triangular" credit, take the following example (I'm a little rusty, so NWSM might correct me a little):

    A Barclays Bank customer pays a NatWest cheque through Lloyds TSB (the triangle being three banks involved).

    Generally the credit will show up on the Barclays account a day before the cheque is paid by NatWest, which (technically) leaves LTSB out of pocket for a day. This isn't the end of the world to be honest.

    However if the NatWest cheque bounces (a tigger cheque ) it will be returned by NatWest to LTSB (NOT Barclays!) as LTSB were the "Collecting Bank". LTSB then have to contact Barclays to get in to contact with the customer who paid the credit in. Normally by the time this all happens, the money's been spent and LTSB ends up out of pocket - something that they obviously won't be happy about.

    As an aside, if you have an account with say, NatWest, and someone gives you a LTSB cheque, you would normally be fine to pay the LTSB cheque into the NatWest account (with a pre-printed paying in slip) over the counter at LTSB without charge...

    NWSM - out of interest do NatWest still charge a £5 counter fee for paying an Orange Mobile bill if the person presenting the payment isn't a NatWest customer? I used to really enjoy (not) explaining that although Orange banked with NatWest they hadn't made arrangements to take the bills over the counter in branch 8/
    Last edited by Hazzanet; 01-02-2008 at 10:21 PM.
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    • amandathepanda
    • By amandathepanda 2nd Feb 08, 2:41 PM
    • 421 Posts
    • 150 Thanks
    amandathepanda
    It's now a £10 fee to pay an orange mobile phone bill if you are a non customer.
    • Hazzanet
    • By Hazzanet 2nd Feb 08, 3:23 PM
    • 1,597 Posts
    • 891 Thanks
    Hazzanet
    It's now a £10 fee to pay an orange mobile phone bill if you are a non customer.
    Originally posted by amandathepanda
    Ouch!
    4358
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