August 5, 2020

Hellenic Voice

Business Information

NatWest customers say accounts were closed after they applied for coronavirus loans

Small business say funds were blocked after applying for government-backed scheme

NatWest has shut the accounts of some small business customers who applied for government-backed loans to help them get through the pandemic, leaving them distressed and unable to access their cash.

Several customers of the 62% taxpayer-owned bank have contacted the Guardian to complain that their accounts had been suspended or closed down without explanation after they put in a loan application.

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