NatWest to refund business customers

Industry News | 07/09/22

Following intervention from the Competition and Markets Authority (CMA), NatWest is set to refund £600,000 to approximately 700 SME businesses. The CMA found that NatWest breached banking rules by forcing business customers to open a business current account, which incurs fees, in order to secure a loan – a practice known as ‘bundling’.

Source: GOV.UK