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The Royal Bank of Scotland (RBS) will no longer be issuing credit card cheques,
it has announced.
The move comes after credit card cheques have come in for heavy criticism from
consumer groups and the government.
There have also been concerns raised over the fact that credit card companies
traditionally issue credit card cheques to consumers whether they request them
or not.
Nick White head of personal finance at comparison site
uSwitch.com, commented:
"This follows a temporary suspension earlier this year.
"Prior to January, Natwest customers had to proactively request cheques as the
bank had stopped sending them automatically.
"It’s good news to see that one of the largest credit card providers in the
country is leading the way by ending this practice for both new and existing
customers.
"This move seems to indicate that if banks only send credit card cheques to
customers that request them, the demand will be so negligible and it is no
longer a service worth offering, which explodes the myth that these
'convenience' cheques are sent unsolicited for the customer's benefit."
Source:
Getting Paid
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