In light of concerns that the UK is heading towards a cashless society, NatWest has faced criticism for restricting its customers’ access to cash. The bank has informed current account holders about new conditions that include potential limitations on daily and annual cash withdrawals and deposits, as well as restrictions on the amount of cash that can be paid in or taken out. NatWest states that these changes are aimed at protecting customers from the risks of fraud. If customers believe they have been treated unfairly by the bank, the Financial Ombudsman Service encourages them to contact the service for resolution. NatWest and other banks, such as Santander and HSBC, emphasize their efforts to detect and prevent scams and to assist customers in recovering lost funds. UK Finance recognizes the devastating impact of fraud and highlights that the banking sector reimburses customers despite the fact that the majority of APP fraud starts on social media or via telecommunications.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
