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Natwest step account changes
Comments
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As an existing step account customer I will have the restriction on ATM Withdrawals as from sept/Oct 2011.
I don't know where you got this but it doesn't appear to be the case. The RBS website states here that things will continue as they are now.
Natwest don't appear to have updated their website yet, but they normally go in tandem with RBS.0 -
I don't know where you got this but it doesn't appear to be the case. The RBS website states here that things will continue as they are now.
Natwest don't appear to have updated their website yet, but they normally go in tandem with RBS.
I spoke to Natwest yesterday and I was under the impression that the accounts would eventually merge with the new changes. But by looking at the Rbs link looks like there is no changes which is a relief.It takes two to tango!:rotfl:0 -
The new Natwest terms and conditions can be found here:
http://www.natwest.com/personal/current-accounts/g6/terms.ashx
Having a quick look there is not any mention of existing step accounts being changed over to the basic bank account.
http://www.natwest.com/personal/current-accounts/g4/common-questions.ashx#t2-q6
It also appears they have also updated the account types on the website now:
http://www.natwest.com/personal/current-accounts/g1/compare-our-range.ashxIm an ex employee RBS GroupHowever Any Opinion Given On MSE Is Strictly My Own0 -
I actually think 8 pounds is a reasonable price for silver.0
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One way around the ATM access with the Basic Bank Account (for the time being anyways) is to apply for the First Reserve Savings Account which comes with it's own VISA Debit Card and can be used at any ATM.
Have to do the same with Lloyds TSB - Open an Easy Saver Account and request the Cashpoint card which means then you can use this in any other ATM - Very silly I know.David
£1 of debt is too much for me!0 -
What is the reason behind Natwest making the changes to the Step Account by limiting the withdrawal of cash only to RBS group cash machines? In my opinion, it's a bad move. Why are they copying what LTSB is doing?
I think customers will now go to the following banks for basic bank accounts who allow them to withdraw from any cash machines:
Barclays
Nationwide
HSBC
HBOS
Co-op
Santander
Probably Barclays will be the popular one.0 -
What is the reason behind Natwest making the changes to the Step Account by limiting the withdrawal of cash only to RBS group cash machines? In my opinion, it's a bad move. Why are they copying what LTSB is doing?0
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FYI, HSBC's most basic cash account is locked to HSBC cashpoints only, too.Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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What is the reason behind Natwest making the changes to the Step Account by limiting the withdrawal of cash only to RBS group cash machines? In my opinion, it's a bad move. Why are they copying what LTSB is doing?
I think customers will now go to the following banks for basic bank accounts who allow them to withdraw from any cash machines:
Barclays
Nationwide
HSBC
HBOS
Co-op
Santander
Probably Barclays will be the popular one.
Key Account holders generally have just that product and are perhaps run at a loss to the group. Reducing fees paid to other banks is one way of reducing that loss.
Just a thought.0
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