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More than 68 of the business banking switch offer funds have already gone and a further 14 reserved for customers already in the process of switching which means they could run out sooner than the 28 february 2021 application deadline.
Business banking switch rbs co uk. So if you want your business to benefit from an offer just for switching banks don t delay select an offer and complete your switch to your chosen. Take your pick from the offers and begin the process of switching. The move was announced today by banking competition remedies limited as it became clear the state owned royal bank was struggling to shift the targeted 120 000 clients from its books by 25 august.
Find out about our accounts for startup or established businesses as well as a community accounts and accounts for commercial organisations. The current account switching guarantee was established in 2013 to encourage consumers to switch their current accounts and to open up the banking market. During the financial crisis in 2008 and 2009 we received financial support from the uk government.
Joint accounts can be switched as long as both parties agree to the switch and you are switching to another joint account. You can use the service to switch your current account from and to any of the participating banks and building societies. Rbs business customers have been given an extra six months to switch to rival banks under the incentivised switching scheme iss.
As a result we made a commitment to help increase competition in uk business banking and decrease our own market share. See how royal bank of scotland could help your business from business bank accounts business lending and other everyday banking services.
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