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Natwest and RBS reduce prices for unarranged borrowing

By compare

December 13, 2009

Natwest and RBS have reduced the prices for unarranged borrowing

NatWest and RBS have announced that they are reducing their charges for customers who go overdrawn without agreement or have exceed an agreed overdraft limit. The reduction will be effective from 1st October where customers will see the fees for returned cheques, standing orders or direct debit cut to just £5.00 as apposed to the £38.00 charge. The fee for paying an item when overdrawn will be reduced by half to just £15 per day with a maximum £90 per month

Details of the reductions are:

Unpaid item fee reduced to £5 from £38 (with a maximum £50 per month, reduced from £114 per day)

Paid referral fee reduced to £15 from £30 (maximum £90 per month)

Guaranteed card payment fee reduced to £15 from £35 (maximum £90 per month, reduced from £105 per day)

Maintenance charge reduced to £20 from £28

Unarranged borrowing rate of interest reduced to 19.24% EAR

Natwest and RBS helping Customers to Avoid Fees

RBS and Natwest has already taken a number of steps to help customers avoid fees by offering customers a current account option that suits customers who frequently use an unarranged borrowing service. This account option carries unarranged borrowing fees capped at £5.00 if customers pay a monthly fee of £10.00.

Customers have all the added functions to keep a check on their account either through a local branch, cash machine, by phone and Internet, Plus the introduction of free text alert messaging service which provides advance warning if they reach a certain limit which can be determined by you.

See RBS Bank Acount

See Natwest Bank Account

Tags: Avoid Fees, current account, natwest, rbs, unarranged borrowing