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Miscellaneous summary

Banker of the week/year

Banker of the week

This page is used to highlight a particularly notable villainous act by a bank or building society and which deserves to be publicised. Each week, we will try and bring you a new example of villainy. Please email me with anything that you particularly think would merit inclusion on this page.

Then, at the end of 2007, we will put all the examples to the public to vote on who are the biggest bankers of the year.

Second villain of 2007: NatWest Bank

NatWest were clearly miffed at being pipped to the post by Nationwide who took our inaugural Banker of the Week award (see winners). So what did NatWest do? They decided to change their terms and conditions in a, probably vain, attempt to rewrite their contracts with their customers so that breaching overdraft limits does not constitute a breach of contract and, therefore, would not be subject to the common law rules on penalties or the provisions of the Unfair Terms in Consumer Contracts Regulations 1999.

See News for more details of how NatWest changed its terms.

Published and promoted by Bob Egerton, TR2 4RS