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Natwest Mis-sold PPI Claims
Have you been mis-sold payment protection insurance by Natwest Bank? Here is some useful information free to you from Claim Bank Charges Back.
We will also help you to reclaim the insurance premiums you have paid to Natwest.
National Westminster Bank (Natwest's full name) has been part of The Royal Bank of Scotland for eleven years. Natwest is The UK's largest retail and commercial bank. The Parent Bank (RBS) is a monster bank. It is ranked second in the world by assets.
Natwest's roots go back to 1833/34 when National Provincial Bank merged with Westminster Bank.
Natwest is one of the four clearing banks. Natwest operates over 1500 branches. Today the bank has over 7.5 million personal customers and nearly one million small business accounts.
So how does a long established and supposedly reputable bank get itself involved in the payment protection scandal? Who Knows!
What we do know is that Natwest along with Barclays, Lloyds TSB and others were quick and eager to aggressively sell PPI. PPI was a goldmine where the customer paid between 15% and 30% extra on the loan interest whilst buying a product which in so many cases was worthless.
Fortunately after legal action at the highest level, the banks have capitulated and have been forced to repay PPI premiums.
Calculating the cost of payment protection insurance is complicated and the claim can go back many years.