I said i would give some exclusive to legal-beagles and so day 1 is this beautiful gem. NatWest Bank targets branches for the number of refunds it gives. Effectively if you are close to your budget you decline all refunds either Gesture of Goodwills and others. This does not affect the claims which are dealt with through Customer Relations Unit. The bank is targetting branches to increase income by 10% in the first half of the year. That means controlling stationery budgets, refunded fees, and PLP. The branch can get up to £600 per quarter in vouchers if they hit their targets. This is on top of any bonus that they may have achieved with regards to sales. With regards to refunds the bank want you to make sure that it is a bank error or they will decline it. Some of the tips we are encouraged to do is possibly negotiate with a customer for say 50% of the charges being refunded. The bank manager can only refund up to £50 in the branches.
NatWest beware I will be posting something more damning tomorrow.
NatWest beware I will be posting something more damning tomorrow.
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