Child & Co Bankers ?

planteria

not sure i follow your last point, but thanks..

Paul_1977

Djene wrote: »

I have a C&C card issued 05/15 and no contactless yet. I think if they were going to make it a contactless card, they would have done it before now. I wonder who is in charge of Child & Co decisions, such as card design and contactless since C&C are just RBS.

Also I recently opened a RBS account at Drummond branch and they issued me with a contactless RBS card (still waiting on the cheque book) no idea why they issue C&C branded cards and not Drummond branded ones.

One would assume they operate in the same way as Child.

i.e. they have an internal custom RBS rating system to determine who gets the standard RBS card and who is given a branded Child/Drummond card.

That is what another user on here said somewhere on another thread.

Its a bit of a mystery how they decide.:D

newfoundglory

I have just received a blue Child debit card like the picture on here!

Very unexpected (had to google it), applied for a RBS current account but chose a branch without the warning message about the account move in 2016.

Will this work with Apple Pay?

Hopefully the cheque book is on its way too....

Paul_1977

It does work with Apple pay, if you order a cheque book you will get a very posh looking one.

I am expecting something to change with Child and Co, if Drummond and Child and Co branches are the only remaining RBS branches after 2016 sell off? They may well tighten ranks, They might not allow accounts to be opened so easily. And go back to the meet in person requirement.

There was talk of a merger with coutts many years ago, in which case I suspect poor (less than 500k spare) account holders will be shown the door.

It is meant to be a "private"bank after all.

jinkster

As far as private services with Child and Co go at the moment forget it. Anything out of the ordinary they are not interested in. I'm working in Qatar at the moment and looking for a mortgage in the UK. Child (RBS) and Natwest won't even look at it even though I am a British but working abroad earning foreign currency, other banks in the UK will...

keiran

Is it wise to do one's banking with a company called "Child and Co"?

Presumably the "Co" is an entity less than "Child", maybe "toddler" or "baby"

colsten

keiran wrote: »

Is it wise to do one's banking with a company called "Child and Co"?

They date back to 1664, so appear to have some staying power and they are understandably proud of their heritage. If you don't like their name, you don't have to do business with them. The good news for you is that no UK bank will be able to turn you away because of your surname.

Paul_1977

keiran wrote: »

Is it wise to do one's banking with a company called "Child and Co"?

Presumably the "Co" is an entity less than "Child", maybe "toddler" or "baby"

Child & Co. was one of the oldest independent financial institutions in the UK, and can trace its roots back to a London goldsmith business in the late 17th century. Francis Child established his business as a goldsmith in 1664, when he entered into partnership with Robert Blanchard. Child married Blanchard's stepdaughter and inherited the whole business on Blanchard's death. Renamed Child and Co, the business thrived, and was appointed the "jeweller in ordinary" to King William III.

After Child died in 1713, his three sons ran the business, and during this time, the business transformed from a goldsmith's to a fully fledged bank. The bank claims it was the first to introduce a pre-printed cheque form, prior to which customers simply wrote a letter to their bank but sent it to their creditor who presented it for payment. Its first bank note was issued in 1729.

By 1782, Child's grandson Robert Child was the senior partner in the firm. However, when he died in 1782 without any sons to inherit the business, he did not want to leave it to his only daughter, Sarah Anne Child, because he was furious over her elopement with John Fane, 10th Earl of Westmorland earlier in the year. To prevent the Earls of Westmorland from ever acquiring his wealth, he left it in trust to his daughter's second surviving son or eldest daughter. This turned out to be Lady Sarah Sophia Fane, who was born in 1785. She married George Child-Villiers, 5th Earl of Jersey in 1804, and upon her majority in 1806 she became senior partner. She exercised her rights personally until her death in 1867. At that point the Earl of Jersey & Frederick William Price of Harringay House were appointed as the two leading partners.[2] Ownership continued in the Jersey family until the 1920s.


Child & Co. at 1 Fleet Street, London
In 1923, George, 8th Earl of Jersey sold the bank to Glyn, Mills & Co., a London-based commercial bank. Williams Deacon's Bank acquired Glyn's in 1939 (both subsequently taken over by the Royal Bank of Scotland and known as Williams & Glyn's Bank from 1970 to 1985), retaining Child & Co. as a separate business, as which it continues to this day at No. 1, Fleet Street.

https://en.wikipedia.org/wiki/Child_%26_Co.

Paul_1977

The child branch no longer appears on the list of branches when creating a new account.

So at the moment its no longer possible to open a Child account?

I wonder.

Green_tree

Did anyone get a Drummonds debit card rather than the standard RBS card?