round the houses (Natwest Bank)

Member Name: Leonbriggsy

Product:	Natwest Bank
Date:	14/09/09 (20 review reads)
Rating:

Advantages: none at the moment...

Disadvantages: bad service

As you all may know the National Westminster bank is now owned by the Royal bank of Scotland after aquiring them in 2000. There have been a few scandals surrounding Natwest in the past, mainly the collapse of Blue Arrow.
That is Blue Arrow the recruitment agency, where Natwest covered up hundreds of millions of pounds of failed stock! Although this was more than thirty years ago the reputation of natwest took a long time to recover. Funnily enough as the credit crunch/crisis ensued many other banking institutions were found to be handling finances badly although Natwest actually regained their reputation by proving to be one of the few banks who didnt acquire/sell bad debts.
As Natwest has now been bought by RBS we shall most probably soon see the phasing out of the Natwest brand as RBS show its rebrand all the branches as is happening with many other banking institutions such as Santander which has now acquired Alliance and Leicester and Abbey both of which will soon be phased out.
My personal experience of Natwest is not that good ot be honest, I used to have an account with them but found their call centres terrible so I decided to change banks to Barclays whose call centres I also found terrible so then I changed to Alliance and Leicester who have call centres which are impossible to get through to.

Summary: in my opinion not a great place to bank with