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RBS Account 3 strikes rule
hate-banks
Posts: 111 Forumite
Hi,
I read on this forum that RBS had a 3 strike rule when it comes to payment refused. Like if they have to refuse a payment for insufficient funds, they were closing the account.
1. Is it true?
2. Most important question: If this is true, is it just for DD and SO or does it also includes card payment (when you're trying to buy something with your card and your order is declined because there's not enough money on your account)?
thank you very much.
I read on this forum that RBS had a 3 strike rule when it comes to payment refused. Like if they have to refuse a payment for insufficient funds, they were closing the account.
1. Is it true?
2. Most important question: If this is true, is it just for DD and SO or does it also includes card payment (when you're trying to buy something with your card and your order is declined because there's not enough money on your account)?
thank you very much.
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Comments
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I've not heard of this rule with RBS. Certainly the co-op has such a rule with direct debits, I'm pretty certain it doesn't apply to retail transactions using a card.0
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oh ok, I thought RBS was doing that too.
thanks0 -
HSBC too I think on their basic account.0
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Yes HSBC also do this on their basic account. They aren't so strict on their full account but will downgrade a full account to a basic account if it is used improperly then close the resulting basic account if still used improperly.
Rightly so.Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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but do you agree with pmduk that it does not include declined card transactions please?0
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Off Topic this,
But can anyone tell me whats the difference in RBS Select Account and RBS Current Account ? - They seem no longer to have the Current account..? 0_o when did this happen?• HSBC (Main A/C)
• Halifax Back up A/C
• Lloyds (Spending) A/C
• RBS Back up A/C
• Barclays Old A/C
• Nationwide Old A/C0 -
RBS group changed their account range in early July I think it was. The changes to the basic accounts are particularly worth being warned about. No access to non-RBS ATMs for new basic account holders.0
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hate-banks wrote: »but do you agree with pmduk that it does not include declined card transactions please?
Declined card transactions won't count towards a strike.
An approved transaction that takes you overdrawn and incurrs a paid referral fee, will.Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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Off Topic this,
But can anyone tell me whats the difference in RBS Select Account and RBS Current Account ? - They seem no longer to have the Current account..? 0_o when did this happen?
The Select account is the new name for the current account. Changed from the 4th July I believe. RBS and Natwest are now offering the same account rangeDebt free and staying that way! :beer:0 -
The Select account is the new name for the current account. Changed from the 4th July I believe. RBS and Natwest are now offering the same account range
What about the rest of the UK Banks ?
Current account sounds better.... 'Select Account' sounds stupid... but they are the same thing 0_o weird.• HSBC (Main A/C)
• Halifax Back up A/C
• Lloyds (Spending) A/C
• RBS Back up A/C
• Barclays Old A/C
• Nationwide Old A/C0
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