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Natewest / RBS US charges


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Just saw on bbc.co.uk that RBS, the owner of Natwest have swallowed a US bank called Charter One.

 

I called a Charter One branch in Illonois, saying that I was about to move to the US and I needed to ask about specific charges etc.

 

It turns out that the US have the same problem as us. Their charges are $38, about £22 per unpaid/ paid item if there are insufficient funds in the account.

 

They also have a thing call 'overdraft protection' which allows funds from a savings account to be used if there are insufficient funds in the checking(current) account. This fee is $15 per day, not per item.

 

I asked the operator if this was standard banking practice, she answered 'Yes, it usually ranges from between $30-$40'

 

She was much freindlier than the call centre simians in the UK, and even asked if I was ever in the St. Charles area to drop by and say hi!

 

:twisted:

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  • 12 years later...

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