2014 Lender Lists:
RBS Overdraft Charges @ www.rbs.co.uk
Although the fees discussed here are headed at www.rbs.co.uk, once you become a customer the logins are undertaken at www.rbsdigital.com. When it comes to the RBS overdraft charges, the same named accounts and overdrafts are in place as at NatWest and so you aren’t receiving any exclusive deals here. The main accounts include Select that is free, Silver is £10, Platinum is £16 and Black is £24. They also offer a graduate, student, under 18s and a basic banking product. Both Select/Silver share a £10 buffer, a £6 usage fee and 19.89% interest. Platinum comes £250 interest-free and then 19.24% is charged.
Black stretches to £500 and then it is 14.89%, but this has a minimum £100,000 income requirement. This £500 0% buffer is joined by other benefits such as the concierge service and VIP airport access, but £24 per month is excessive. Most of their paid banking accounts throw in insurance products that I don’t think most people will be too overly interested in. For unarranged overdrafts, you pay £6 per day (capped at £90) and unpaid transactions are £6 (capped at £60). An impressive banking feature is their Emergency Cash initiative that allows you to access money from their ATMs when your debit card is lost or stolen.