RBS/NatWest has recently reviewed and changed their internal Policies, within Debt Management Operations, with a change being made. This policy change must reflect a legal, or probably more likely an FCA, ruling.
Effective from 15th September 2015 - interest will only be charged on Secured Business accounts where the Bank holds a Legal Charge over Land & Buildings.
No refunds will be made for interest previously charged on other security types such as Guarantees, Life Policies and Mortgage Debentures.
19 February 2016 By Mel Loades