Quote:
Originally Posted by Vendot
You must be joking. Natwest is just a small part of RBS (owner of Natwest), which was responsible for the worst banking crisis, the UK (England) has ever seen in 2008. The bank was bigger than the entire UK economy and sunk the country into massive debt almost insolvency, from which it has not since recovered.
https://en.wikipedia.org/wiki/NatWest
Since the bank was bailed out and is now over 70% public owned, technically you could say it will be okay but on principle I would never use a bank that has failed and been rescued. I also have serious doubts about the safety of the depositor insurance plan in the UK. The parent company is shedding jobs and also doesn't have a great reputation for customer service:
https://www.theguardian.com/money/20...rst-direct-top
RBS planning to cut 900 jobs to reduce costs: sources | Reuters
I have no clue about Sabadell but watch out, a lot of Spanish banks are highly indebted. |
Yes I know Natwest is part of RBS, RBS bought them out nearly 10 years ago. However, it costs me nothing and to have my money paid into there, to pay British bank cards and anything from Britain, from dollar, it works, well, atm
Sabadell are stable, but thanks for the info about Spanish accounts though