RBS Key account referred to lending ??

gettingthere28

I have a savings account with RBS but my main current account is with Lloyds, I wanted a 2nd account so I could set up some Direct Debits and keep it separate from my main account for budgeting. So I went into the RBS branch today and the advisor keyed it all it, made me sign the paperwork and told me it had been referred to lending and I would get an answer within 48 hours as they had to fax it to them.

I thought that everyone got a Key account ?

chambta

No. The bank doesn't have to offer an account to anyone and doesn't have to give a reason.

Typically if you owe money to another part of the group, have previously had an account that was closed /written off or you have any record of fraud you will be declined.

It sounds like the system has 'referred' the application. It will be looked at more closely now by an individual to decide whether to offer you an account.

united66

RBS = Natwestr = RBS = (drum roll) The Dreaded AVU!!!!!!!!

Ryan101

chambta wrote: »

No. The bank doesn't have to offer an account to anyone and doesn't have to give a reason.

Typically if you owe money to another part of the group, have previously had an account that was closed /written off or you have any record of fraud you will be declined.

It sounds like the system has 'referred' the application. It will be looked at more closely now by an individual to decide whether to offer you an account.

I would have thought that as the OP already had a savings account with RBS they must have 'Passed' the accounts closed/written off etc requirement, or is a Key account application processed in a different way ?.

chambta

Ryan101 wrote: »

I would have thought that as the OP already had a savings account with RBS they must have 'Passed' the accounts closed/written off etc requirement, or is a Key account application processed in a different way ?.

Well yes, as the savings account would not be credit checked at all.

KingElvis

they all go to the AVU though if they suspect you of being....well.....suspect

Money laundering and all that jazz.

pmduk

Somebody might well correct me, but I understood the AVU saw every application?

Twister84

pmduk wrote: »

Somebody might well correct me, but I understood the AVU saw every application?

That's not the case.

Sometimes, accounts are opened without any issues and you can receive your account number there and then.


At other times further checks need to be done and so the application has to be referred.


It could be referred due a number of different reasons - not just money laundering!