RBS NatWest To Cut Bank Charges From October
RBS have this week announced plans to cut overdraft fees on over 12.5 million current accounts from October 2009
This latest news from RBS follows their announcement back in December 2008 where they revealed plans to begin pro-actively refunding unfair bank charges to its customers.
Starting from next month RBS will be cutting fees on bounced cheques and returned standing orders from £38 down to £5. With overdrawn bank charges dropping from £30 to £15.
RBS will also cut the monthly charges for accounts that use an unauthorised overdraft facility from £28 to £20, with card payment fees reduced from £35 to £15.
RBS Chief Executive Brian Hartzer states that the new lower fees have been introduced in response to concerns from customers; ‘This is good news for customers, not least because the fees for unarranged borrowing have been an area of ongoing concern for them,’ he said.
