Child & Co Bankers ?

TheVujanic

Hi There

I was looking on a thread on this Forum about people who did not want there RBS accounts to become Santander accounts due to the branch sell off in England. Some people on the thread were saying that they just "transfered their account to Child & Co" so they didn't have to change, and also said that "Opening an account at Messrs Drummond is just like at any other branch" which has surprised me as I thought these banks were just like Coutts and Adam & Company where you have to have very high assets or income to become a client.

I still highly doubt what they are saying is true, and maybe this is what they thought they could do, but if true, you can just open an account with Child or Drummond this would shock me.

Finding information about Child and Drummond is like trying to find a needle in a haystack, and its odd that RBS run websites for Coutts and Adam but not Child and Drummond.

Is there anyone on here that is with Child or Drummond and can give me some helpful information about the Banks, or anyone they moved there account to any of them to avoid Santander.

Thanks

https://forums.moneysavingexpert.com/discussion/3735955/can-i-keep-my-rbs-account-and-not-transfer-to-santander

pmduk

I understand Drummonds and Childs are branches of RBS that aren't being transferred to Santander. Opening an account there is a matter of selecting those branches whilst opening an account.

guesswho2000

pmduk wrote: »

I understand Drummonds and Childs are branches of RBS that aren't being transferred to Santander. Opening an account there is a matter of selecting those branches whilst opening an account.

Correct. I've had one for years (Child & Co) and it's almost exactly the same as the standard RBS accounts.

Only difference is that you get private branded statements & cheque book, gold debit card and all your correspondence comes from "RBS Private".

tomcarter

Could anyone - regardless of income or assets - open an account at the Child & Co branch and be accepted like it was a standard RBS account?

Is there anything else different about it at all - like a more personal service or special credit cards, etc.?

I've seen someone post their rather impressive and unusual looking Child & Co debit card pictures in the forum somewhere before. They look cool.

TheVujanic

Was on the RBS website and went on the Personal Royalties Gold account page and on the right hand side it says something about arranging to open your account in branch. If you select London as your city comes up with branches called RBS Child & Co and RBS Drummond.

So I'm guessing that it may well be possible to open an average RBS account but get the C&C debit card due to your branch.

TheVujanic

O

tomcarter wrote: »

Could anyone - regardless of income or assets - open an account at the Child & Co branch and be accepted like it was a standard RBS account?

Is there anything else different about it at all - like a more personal service or special credit cards, etc.?

I've seen someone post their rather impressive and unusual looking Child & Co debit card pictures in the forum somewhere before. They look cool.

Phoned them earlier today, the person that answered the phone wasn't too clued up about eligibility etc. But by the sounds of it you have RBS Child & Co Fleet Street, that acts as an RBS Branch and also Child & Co. She said the minimum criteria to open a Child account is, to her memory a annual salary of 50K. Which is very odd as its less than RBS Private, so I think she may have made a mistake.

But she said regardless of eligibility, if you want to open any account at the Fleet Street branch they like to meet you in person to see why Child & Co etc.

I'm going to phone Messrs Drummond tomorrow, see what they say.

jinkster

It would be interested to hear what they have to say.

jinkster

Just in the middle of opening an account with Child and Co. so far extremely good, very efficient, relationship manger is excellent and on the ball with everything.

Opened Royalties Gold myself. Need £100k salary for Black account which is same as RBS. Due to my salary and potential salary due to career I am eligible for private banking which is good news.

So far, excellent.

TheVujanic

jinkster wrote: »

Just in the middle of opening an account with Child and Co. so far extremely good, very efficient, relationship manger is excellent and on the ball with everything.

Opened Royalties Gold myself. Need £100k salary for Black account which is same as RBS. Due to my salary and potential salary due to career I am eligible for private banking which is good news.

So far, excellent.

Did they mention what level's of Child & Co accounts there are ? i.e do you need to earn a salary of 100k for all accounts ? Or are there many levels of Child accounts ? With different eligibility criteria.

Rajbury

I opened an account back in the 1980s when I worked in London. As with now, you had to go in person to open it. I have banked with them for nearly 30 years now, and been more than happy with them.

It shows that an 'ordinary person', not part of the banking or legal elite, can get an account with an exclusive private bank! (I certainly would not qualify for Hoare's, Coutts or Adam & Co).

jinkster

Still very happy with Childs. I did have email contact with them until my very excellent relationship manager moved to a different part of the business which was shame.