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Staff must have our UK current account stipulates Royal Bank

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26/03/2007

The Royal Bank of Scotland (RBS) has put its foot down and is now insisting that its workers must have their primary bank account with the company or face disciplinary action.

The bank has sent staff a letter, a copy of which has been obtained by the union Amicus, saying that salaries must be paid into an RBS-administered account. “Failure to do so will represent a breach of group policy,” the letter said.

Amicus accused the bank of “heavy-handedness” and noted that up to 14,000 RBS staff have UK current accounts with competitors.

But RBS replied that it explained to all staff at their initial job interviews they would be required to hold an RBS account and that this was part of the “overall reward package” on offer to them.

“In common with industry practice, our terms and conditions require staff to open a UK current account with us for the payment of their salary,” said a spokesperson.

“Our staff are at complete liberty to run accounts with other providers if they wish.”

Many of the problems have arisen because RBS has taken over such companies as Churchill Insurance and Direct Line, where many of the staff still hold their UK current accounts from pre-RBS days.

Amicus official Rob Macgregor said: “If you work for Tesco you won’t be disciplined for buying your groceries from Sainsbury’s. This is heavy-handed and disproportionate action from RBS and bad for morale.”

 

 

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