RBS invite business customers to switch banks

The Royal Bank of Scotland has recently begun inviting many business customers to switch banks. The Scottish bank has written to 220,000 of its customers, openly admitting that it is an odd request for any commercial organisation, asking its customers to take business elsewhere.

Why is this happening?

The move has been put into place to try and boost competition, giving customers more power and choice.

As part of a £45bn taxpayer-funded bailout for RBS, it is being forced to provide £350m for rivals to offer incentives to customers who switch banks and to cover costs. This is on top of a £425m “capability and in Save & Exit novation fund” which has been designed to help other banks and finance firms expand the financial services they offer to small customers.

What does this mean for you?

This could potentially mean you and your business are looking for an alternative finance provider. Changing banks can be a stressful procedure, we can make what may seem like a stressful and daunting process easy and less traumatic.

Perhaps your business also uses other facilities provided by RBS such as asset finance or debtor finance and you may be wondering whether it is wise having all your eggs in one basket. If so we can help you source alternative suppliers on competitive terms.

What do we specialise in?

As we work closely with a wide range of banks and finance providers, we are always well placed to offer great deals on banking facilities. Due to the relationships we have carefully developed over the years, we are well placed to negotiate exceptional rates and arrangements for, a range of financial services

Partnering up with some of the top blue-chip funders, WF Financial Solutions are in a prime position to help your business find a new banking facility.

How can we help?

We have all the knowledge, experience and expertise to find the best asset finance, commercial finance deals and new banking facilities available, for any business which may be affected by the news of RBS.

We are a leading independent finance brokers in the market. As part of our service we offer, free no obligation quotes, compare the top funders for you and most importantly, due to our relationships in the industry, we get exclusive offers and the lowest rates.