Child & Co RBS Branch to close

Marchitiello

Silverstone11 said:

I’ve got a Child branded account. I was thinking of changing it to a joint account, I wonder what would happen @Marchitiello do you know anything about how the existing accounts are being handled, given you seem well informed on no new accounts being offered, or is this just based on your experience of getting a non-linked (joint) new account for a family member. Welcome views from others too who might have tried something similar.

I am not sure what happens with any bank about “changing” a sole account to a joint account. I have personally always opened joint accounts from scratch and retained all my solo accounts (both my wife and I have several solo accounts and an handful of joint accounts, each offering a specific benefits and/or meeting a specific need). I have also had no need to open an additional account since the changes, but before, any new account opened for you or your child, would be assigned your oldest /main sort code. However, when my daughter turned 11 recently, and we tried to open a child current account (she already had a First Saver assigned to Drummonds) she got given a new, random/generic, RBS sort code and after a lengthy investigation by the Premier team, there is no way to get Drummonds sort code assigned to any new account (also
confirmed by the doorman /assistant you meet in branch). I am guessing the writing is on the wall for both brands. 

Silverstone11

Marchitiello said:

Silverstone11 said:

I’ve got a Child branded account. I was thinking of changing it to a joint account

I am not sure what happens with any bank about “changing” a sole account to a joint account. after a lengthy investigation by the Premier team, there is no way to get Drummonds sort code assigned to any new account (also
confirmed by the doorman /assistant you meet in branch). I am guessing the writing is on the walk for both brands. 

Thanks for the really helpful info. While understandable for Child and Co, given RBS has effectively closed it as a brand and very much closed the branch, it seems odd for Drummonds, given the brand and the branch are still alive and well for now! I walk past the branch fairly often and whilst not busy, I see people heading in and out fairly often.