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RBS bank charge verdict document 'leaked'

RBS would look to return bank charges to customers if it lost an ongoing High Court case on the matter, a bank document has indicated.The statement, leaked to the BBC, shows that accounts that were "due a refund" would be "calculated as accurately as possible".Furthermore, the document adds, "any monies will be…reconciled".The wording of the leaked statement suggests that RBS, which is involved in the bank charges case alongside seven other financial firms, would not appeal if the verdict went against it.This would in turn mean that the charges, which come to around £30 each and are levied for customers breaching overdraft limits among other things, would be repaid.However, these conclusions were disputed by an RBS spokesman."This work stream has absolutely no bearing on how we see the outcome of the test case," he told the broadcaster."With an organisation of our size and our different brands, complying with these requirements demands careful contingency planning and this document merely confirms that RBS is taking its obligations in this respect seriously as it has done throughout the whole test case process."

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