Child & Co RBS Branch to close

WillPS

Deleted_User said:

Deleted_User said:

You would imagine Natwest has a multiple million pound contract for Mastercard to supply cards to the bank. Regardless of brand which is printed on the front. I think it unlikely Visa cards will remain. In addition Child & Co has a private group of customers as does Drummonds. So I expect both brands will be retained, and Mastercard versions will be issued.

It doesn't really cost that much more to retain these brands after all. A card will be made regardless. All you would really need to pay for is the design. I'm not sure if RBS have an in house team for such things. Another aspect is that plastic cards are obsolete. A bank can allow you to add a card to your phone without having the physical card. We are on the road to plastic cards being request only. I suspect it will happen and become widespread in the next five years. There is already talk of digital driving license and passports. With physical being request only. For driving licenses this is far closer to happening, passports is far more completed and may take another decade.

This is a speculation at this point as all we do know is Visa Debit is fated within the NatWest Group.
Drummonds is far more likely to get a rework as it's an active brand; Child and Co not so from COB tomorrow.

Coutts is their main wealth brand in England and Wales; it has it's own banking licence, cards and branding.
Drummonds and Child & Co are neither - they are only brands names of Royal Bank of Scotland. 

This is speculation too.

[Deleted User]

WillPS said:

Deleted_User said:

Deleted_User said:

You would imagine Natwest has a multiple million pound contract for Mastercard to supply cards to the bank. Regardless of brand which is printed on the front. I think it unlikely Visa cards will remain. In addition Child & Co has a private group of customers as does Drummonds. So I expect both brands will be retained, and Mastercard versions will be issued.

It doesn't really cost that much more to retain these brands after all. A card will be made regardless. All you would really need to pay for is the design. I'm not sure if RBS have an in house team for such things. Another aspect is that plastic cards are obsolete. A bank can allow you to add a card to your phone without having the physical card. We are on the road to plastic cards being request only. I suspect it will happen and become widespread in the next five years. There is already talk of digital driving license and passports. With physical being request only. For driving licenses this is far closer to happening, passports is far more completed and may take another decade.

This is a speculation at this point as all we do know is:

Visa Debit is fated within the NatWest Group.

Drummonds is far more likely to get a rework as it's an active brand; Child and Co not so from COB tomorrow.

Coutts is their main wealth brand in England and Wales; it has it's own banking licence, cards and branding.

Drummonds and Child & Co are neither - they are only brands names of Royal Bank of Scotland. 

This is speculation too.

I've highlighted facts. 

[Deleted User]

I remember when this forum claimed the Drummonds card did not exist. 

I note RBS have repaid me for my clone Drummonds account with a full credit check, despite already holding an RBS current account. 

WillPS

Deleted_User said:

WillPS said:

Deleted_User said:

Deleted_User said:

You would imagine Natwest has a multiple million pound contract for Mastercard to supply cards to the bank. Regardless of brand which is printed on the front. I think it unlikely Visa cards will remain. In addition Child & Co has a private group of customers as does Drummonds. So I expect both brands will be retained, and Mastercard versions will be issued.

It doesn't really cost that much more to retain these brands after all. A card will be made regardless. All you would really need to pay for is the design. I'm not sure if RBS have an in house team for such things. Another aspect is that plastic cards are obsolete. A bank can allow you to add a card to your phone without having the physical card. We are on the road to plastic cards being request only. I suspect it will happen and become widespread in the next five years. There is already talk of digital driving license and passports. With physical being request only. For driving licenses this is far closer to happening, passports is far more completed and may take another decade.

This is a speculation at this point as all we do know is:

Visa Debit is fated within the NatWest Group.

Drummonds is far more likely to get a rework as it's an active brand; Child and Co not so from COB tomorrow.

Coutts is their main wealth brand in England and Wales; it has it's own banking licence, cards and branding.

Drummonds and Child & Co are neither - they are only brands names of Royal Bank of Scotland. 

This is speculation too.

I've highlighted facts. 

Interesting how you suggesting things changing based on some things which have been the case for decades and other incidental changes (i.e. change of debit card symbol) is 'highlighting facts' but you consider regarding a direct quote from a representative of the bank itself as assumptious.

[Deleted User]

WillPS said:

Deleted_User said:

WillPS said:

Deleted_User said:

Deleted_User said:

You would imagine Natwest has a multiple million pound contract for Mastercard to supply cards to the bank. Regardless of brand which is printed on the front. I think it unlikely Visa cards will remain. In addition Child & Co has a private group of customers as does Drummonds. So I expect both brands will be retained, and Mastercard versions will be issued.

It doesn't really cost that much more to retain these brands after all. A card will be made regardless. All you would really need to pay for is the design. I'm not sure if RBS have an in house team for such things. Another aspect is that plastic cards are obsolete. A bank can allow you to add a card to your phone without having the physical card. We are on the road to plastic cards being request only. I suspect it will happen and become widespread in the next five years. There is already talk of digital driving license and passports. With physical being request only. For driving licenses this is far closer to happening, passports is far more completed and may take another decade.

This is a speculation at this point as all we do know is:

Visa Debit is fated within the NatWest Group.

Drummonds is far more likely to get a rework as it's an active brand; Child and Co not so from COB tomorrow.

Coutts is their main wealth brand in England and Wales; it has it's own banking licence, cards and branding.

Drummonds and Child & Co are neither - they are only brands names of Royal Bank of Scotland. 

This is speculation too.

I've highlighted facts. 

Interesting how you suggesting things changing based on some things which have been the case for decades and other incidental changes (i.e. change of debit card symbol) is 'highlighting facts' but you consider regarding a direct quote from a representative of the bank itself as assumptious.

Everything highlighted is fact. Some vague comments don't really change anything.

[Deleted User]

Well that's it Child & Co branch is now closed, already removed from RBS locator. It is now impossible we assume to open a Child & Co account as a retail customer, we await the brands fate which I am sure will become clear in due course. Whatever happens, if they do take it away from retail customers, it was good while it lasted and an amazing fluke in British bank accounts for the retail customer.








R.I.P

1673-2022

WillPS

Deleted_User said:

It is now impossible we assume to open a Child & Co account as a retail customer

My fiancée opened a new RBS account earlier today - she already has a joint account with me at Child's, so when she opens further accounts they normally use the 15-80-00 sort code. Today I noted that during her application she was asked which branch she would like to be allocated to (a feature I thought had been removed or hidden away) - and rather than listing the branch as "Child & Co, Fleet Street, London, EC4Y 1BD" it just listed ", , EC4Y 1BD". See what debit card turns up I guess.

[Deleted User]

WillPS said:

Deleted_User said:

It is now impossible we assume to open a Child & Co account as a retail customer

My fiancée opened a new RBS account earlier today - she already has a joint account with me at Child's, so when she opens further accounts they normally use the 15-80-00 sort code. Today I noted that during her application she was asked which branch she would like to be allocated to (a feature I thought had been removed or hidden away) - and rather than listing the branch as "Child & Co, Fleet Street, London, EC4Y 1BD" it just listed ", , EC4Y 1BD". See what debit card turns up I guess.

This was possibly at the point it was being removed as it seems unlikely RBS would leave it blank for good. would be interesting to know if you can still select the branch from scratch. 

WillPS

WillPS said:
See what debit card turns up I guess.

Account opened today. Appears from the app/Google Pay to still be a Child & Co Visa.

[Deleted User]

We will have to wait and see when someone applies for an account post closure what happens.