National Westminster Bank Plc

Financial Ombudsman decision DRN-4746243 Upheld

Upheldoutcome, as published by the Ombudsman

£100redress stated in the decision

Tue Jul 30deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Account closed or refused, Interest and rates

In the Ombudsman’s words

Mr M complains that National Westminster Bank UK Plc unreasonably closed his accounts.Account closed or refused

I agree with Mr M that it’s reasonable for NatWest to pay interest on the balances held up until the final closure dateInterest and rates

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN-4746243.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.