Royal Bank of Scotland

Royal Bank of Scotland

Recently, NatWest and RBS announced that they will be increasing their overdraft rates to 39.48%, affecting customers who go into their agreed overdraft. This change will impact those who rely on their overdraft to cover expenses, potentially leading to higher costs for borrowing money from the bank.

Impact on Customers

For customers of NatWest and RBS, the hike in overdraft rates could mean paying significantly more in fees and interest charges. It is essential for account holders to be aware of these changes and consider alternative options to avoid incurring additional costs when using their overdraft facility.