We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
NatWest First Reserve Huge Changes
Comments
-
dr_adidas01 wrote: »
If you continue to use your Natwest First Reserve in a way that breaches the terms and conditions, you may find as has happened to many people who have posted on this forum Natwest will just close the account.
Then you will have find somewhere else to do you banking very quickly!!!
Whats your motivation for commenting? Are you another bank employee?
My account has been used entirely with the co-operation of NatWest until now, they gave me the Visa Debit card and personally set up my standing orders in the branch.
I have no plans to open any other account, as I like it, even without a visa debit card, and without standing orders I can use it, just by paying in cash for everything.
Did you just say that off the back of posting on this forum people have lost their bank accounts?0 -
What you seem to ignore is that all banks can and do change account features to fit the market and on occasion this has meant limiting features available on existing accounts. Only last year RBS group adjusted basic accounts so that even existing account-holders could only use RBS Group ATMs.0
-
Did you just say that off the back of posting on this forum people have lost their bank accounts?
No, they didn't - read it again. They said that if you breach the terms and conditions of your account you are liable to find that the bank will close it.
And that people have posted on this forum to say that this has indeed happened to them.0 -
Whats your motivation for commenting? Are you another bank employee?
My account has been used entirely with the co-operation of NatWest until now, they gave me the Visa Debit card and personally set up my standing orders in the branch.
I have no plans to open any other account, as I like it, even without a visa debit card, and without standing orders I can use it, just by paying in cash for everything.
Did you just say that off the back of posting on this forum people have lost their bank accounts?
No I don't work for any financial institution, my profile name quite clearly does have the Dr bit in it, which means I work in the Medical profession.
I can comment on a post as I see fit, and not how you want the answer to be.
You seem like you want to ignore the fact that Natwest can and have changed the terms and conditions of the account you have. By your continued use of the account you are deemed to have accepted those new terms and conditions.
Natwest can at anytime review a customers accounts be they savings or current accounts and decide they no longer want you as a customer.
As most MSE's here will tell you its wise to have more than one bank account or savings account, as a back up.
Your trying to pretend that you are some sort of important person to Natwest and they will treat you differently. They will not your just a number to them, and if they wish they can get rid of you as quickly as they want.
You can pay with cash if you wish, but that's an expensive way of doing it as most company's add on a charge for not paying via direct debit. Which most MSE's will tell is not in the spirit these forums were created, which was to help you save money and get the best deals available.Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:0 -
dr_adidas01 wrote: »No I don't work for any financial institution, my profile name quite clearly does have the Dr bit in it, which means I work in the Medical profession.
I can comment on a post as I see fit, and not how you want the answer to be.
You seem like you want to ignore the fact that Natwest can and have changed the terms and conditions of the account you have. By your continued use of the account you are deemed to have accepted those new terms and conditions.
Natwest can at anytime review a customers accounts be they savings or current accounts and decide they no longer want you as a customer.
As most MSE's here will tell you its wise to have more than one bank account or savings account, as a back up.
Your trying to pretend that you are some sort of important person to Natwest and they will treat you differently. They will not your just a number to them, and if they wish they can get rid of you as quickly as they want.
You can pay with cash if you wish, but that's an expensive way of doing it as most company's add on a charge for not paying via direct debit. Which most MSE's will tell is not in the spirit these forums were created, which was to help you save money and get the best deals available.
Side with the bank why don't you.
Ever heard of power to the people?
I was trying to create a swell of community spirit to complain about new t&s'c which are purely in place for the banks gain.
At least I have the honour of trying to stand up for myself and others.0 -
Side with the bank why don't you.
Ever heard of power to the people?
I was trying to create a swell of community spirit to complain about new t&s'c which are purely in place for the banks gain.
At least I have the honour of trying to stand up for myself and others.
Banks are there to make money.
It's a competitive market, and many have attractive offers to entice customers. Many posters here take advantage of those offers, such as better interest rates and cashback, and find ways to save money by spending less and avoiding bank charges.
Your priorities lie elsewhere; you prefer to operate a bank account that has no possibility of incurring any charges, even if it means you personally spending more money and earning less interest.
How did you incur the charges from your previous accounts? They have obviously had such a detrimental impact on your mentality and outlook, that you're willing to do everything possible to ensure banks cannot possibly charge you any fees, even if it means additional personal expense -- which is not money saving.
What's wrong with NatWest's free Overdraft Control? Whilst not impossible, it is more difficult to incur charges, and considering you've been operating your accounts far more responsibly than in the past, I personally cannot understand your fixation on fighting against these changes.0 -
Banks are there to make money.
It's a competitive market, and many have attractive offers to entice customers. Many posters here take advantage of those offers, such as better interest rates and cashback, and find ways to save money by spending less and avoiding bank charges.
Your priorities lie elsewhere; you prefer to operate a bank account that has no possibility of incurring any charges, even if it means you personally spending more money and earning less interest.
How did you incur the charges from your previous accounts? They have obviously had such a detrimental impact on your mentality and outlook, that you're willing to do everything possible to ensure banks cannot possibly charge you any fees, even if it means additional personal expense -- which is not money saving.
What's wrong with NatWest's free Overdraft Control? Whilst not impossible, it is more difficult to incur charges, and considering you've been operating your accounts far more responsibly than in the past, I personally cannot understand your fixation on fighting against these changes.
I think the valuable info is getting lost in the mass of bank sympathisers messages here.
I'm genuinely surprised, seeing as Martin Lewis was the man to rebel against the banks originally and help everyone get their charges back. I expected this forum to be along those lines still.
There's not even one message of 'hey, I see where your coming from, good on you for making it so far with your setup, here's a suggestion, try this'.
Its just direct, out and out support for the banks, clearly this forum has bank staff all over it. Not even subtle!
I've not properly explored NW Overdraft Control. I thanked the first poster who mentioned it. (I'll be looking into it).
I'm keen to hear about this and any other similar accounts that present a best fit, closest to my requirements. Keep it up.0 -
Whats your motivation for commenting? Are you another bank employee?Side with the bank why don't you.
This is so funny - - - - another poster who concludes that if people don't agree with him, they must be working for a bank.Its just direct, out and out support for the banks, clearly this forum has bank staff all over it. Not even subtle!
Plus there is the implied suggestion that everyone working for a bank is bad in some way. Which isn't quite so funny.
Yep, and most people who commented on the thread you started don't support your line of thinking.Ever heard of power to the people?
There are likely to be people who wouldn't want you to stand up for them. I am one of them.At least I have the honour of trying to stand up for myself and others.
The difference is that Martin had a case. You don't, even if you believe you do.I'm genuinely surprised, seeing as Martin Lewis was the man to rebel against the banks originally and help everyone get their charges back.0 -
__________________________________________________
To First Reserve Users
__________________________________________________
Do not worry that your account is of no use any more, its still one of the best accounts on the market because there is no mechanism to fine you.
You don't need to open another account.
Your standing orders are good until September 18th. And even then, they may require manual removal on your part. We will wait and see if the bank can cancel them automatically.
Your Visa Debit card will work until it expires, Don't lose it!
__________________________________________________ _0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards