Important News about RBS Direct Trader Accounts
On 8/7/14 RBS sold its interest in NatWest Stockbrokers Limited (the provider of your Direct Trader Services) to The Toronto-Dominion Bank Group (TD).
RBS has taken this decision so it can focus on delivering an excellent day to day banking service for its customers. TD is one of the world’s leading banks and an expert in online stockbroking. TD Direct Investing (Europe) Ltd, the UK based share dealing and investing subsidiary of TD, has been providing your service in partnership with RBS since 2002.
What this means for existing customers
There is no immediate change to your account, you can continue to trade as normal for now and manage your existing holdings in the usual way through Digital Banking. During the week commencing 7/7/14 all RBS Direct Trader account holders will be sent information about the opportunity to consent to move across to TD Direct Investing. If you decide you don’t wish to transfer to TD Direct Investing, the communication outlines the other options available to you.
For more information click below.
As a result of the sale RBS will no longer offer a stockbroking service to new customers.