Royal Bank of Scotland customers in dilemma
As Santander gets ready to bring on board up to 2 million new customers from the takeover of the Royal Bank of Scotland and NatWest high street banking outlets the BBC has reported that Royal Bank of Scotland customers can still remain with the bank if they so wish. Under the terms of the Santander takeover of the various banking outlets, Royal Bank of Scotland is not able to encourage customers to remain with the bank with those who wish to remain with the company need to act immediately.
Those who do not give notice that they wish to remain with Royal Bank of Scotland will see their accounts automatically transferred over to Santander. It will be interesting to see how many customers wish to remain with Royal Bank of Scotland which was forced to sell off a number of high street outlets by the European Union. The £1.65 billion which Santander paid for 318 branches of Royal Bank of Scotland and NatWest was less than initial expectations although in many ways the company was forced to take any reasonable offer. There is no doubt that Santander is the up-and-coming star of the UK financial arena, looking to expand when many are struggling to maintain their current operations. What plans for the future?
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