WebJan 24, 2024 · ISS will bring some competition and provide funding of £275 million to SME customers from RBS’s scrapped Williams & Glyn(W&G) banking platform, to switch their business current accounts and loans to challenger banks. A further £75 million has been set aside within RBS to cover certain customers’ switching costs. WebJul 22, 2024 · After a six-month extension, Banking Competition Remedies (BCR) closed the Incentivised Switching Scheme (ISS) at the end of June 2024 and published its results with Starling Bank as the big winner. As a reminder, the ISS was launched in February 2024 to offer GBP 275 million worth of payouts for 120,000 business customers of the RBS …
Incentivised Switching Scheme – BCR
Web"As the UK's leading SME challenger bank, we've invested £12 million in preparing for the switching scheme so we can offer a smooth transition for Williams & Glyn customers leaving RBS, and we now have a great opportunity to offer an exciting new home for thousands of Williams & Glyn customers when the scheme opens next February. WebJun 23, 2024 · LONDON, June 23 (Reuters) - Royal Bank of Scotland RBS.L said on Tuesday it would give business customers another six months to take advantage of incentives to switch their accounts to other... supreme court redefinition of marriage
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WebJul 22, 2024 · After a six-month extension, Banking Competition Remedies Ltd (BCR) closed the Incentivised Switching Scheme (ISS) at the end of last month, and today published its … WebJun 25, 2024 · The Incentivised Switching Scheme (ISS) was launched in February 2024 to offer payouts for 12.000 business customers of Williams & Glyn to switch to another … WebAug 2, 2024 · In terms of incentivised switching, the data tends to indicate that this does drive a good amount of switching. For example, when Santander launched their 123 account (before they later... supreme court recusal and transparency act