Property News · April 26, 2017

NatWest closed my child’s savings account without telling me


My daughter’s Young Savers account with more than £3,000 in it just disappearedI recently noticed that my daughter’s Young Savers account, which was attached to my NatWest accounts, had disappeared from my online banking page. On calling the bank, I was told the account didn’t exist. Luckily, I managed to dig out an old statement, at which point NatWest agreed that it had existed but had been closed due to inactivity. The £3,161.66 that was in it had been withheld by the bank. I received no notification of this and the bank was unable to provide even basic information as to why the account was closed, or why the funds were not repaid. If I’d not been on the ball, I suspect the lost funds would have simply gone unnoticed! Is the Royal Bank of Scotland so desperate that it needs to take money from a seven-year-old? PL, Hounslow, Middlesex Continue reading…

Source : theguardian.com
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