Natwest visa grab from RBS account?

monyana

Hi, wonder if anyone can answer this.. having a couple of big payments currently overdue to Natwest Visa, might they grab the cheque I need to pay in to my online RBS business account - needed to live on til New Year- if so, might it be safer if paid into my personal RBS account (as local branch based, and was more or less seperated ready for now failed sale to Santander) or better try and come up with some safer plan? If they apply set aside at this point it screws my budget from the start

(am currently in early stages of arranging an iva plan)

thanks

milliemonster

Are Natwest and RBS part of the same group? if so then I would open a completely unrelated account as they will take the funds to pay the overdue amounts.

antrobus

milliemonster wrote: »

Are Natwest and RBS part of the same group? if so then I would open a completely unrelated account as they will take the funds to pay the overdue amounts.

RBS acquired NatWest in 2000.

monyana

RBS did acquire Natwest but... think only allowed to set aside across accounts where bank operating units clearly linked. Local branches were seperated to point of Santander assuming day to day running, when takeover failed at 11th hour re: personal ac, or as my biz account is an 'online' ac -notionally different somehow, there just might be sufficient degree of seperation in law from the Natwest operated Visa account for set aside to not to work? Intricate knowledge though. With a consolidating financial sector, the days of archaic Set Aside ought to be seriously numbered.