On friday I went to pay a supplier via online banking and found that I couldn’t, please phone us it said. So I phoned the number it gave on the screen and the chap I spoke to didn’t seem to have a clue. I’m assured that he wasn’t in an Indian call centre, but he seemed to have difficulty understanding me and I couldn’t quite grasp what he was saying. Eventually he put me through to telephone banking where they were able to make the payment for me.
So I tried to contact my Natwest personal shopper relationship manager, but she wasn’t available. I spoke to her boss who told me that she’d get back to me within 48 business hours. So I spoke to the online banking helpdesk, determined to find out why I could no longer make online payments.
“We have suspended the ability to make online payments due to fraud, we are sending out card readers, when you get your card reader you will be able to make payments again”.
Now I know for a fact that I’ve had my card reader for my personal account for almost 6 months, and I’m sure that one of my mates has had a card reader for his personal account for about a year. Yet they haven’t managed to roll one out to the business yet (where we pay to use that service).
“it’s because you haven’t been using online banking for very long” - rubbish, it’s about 8 years
“it’s because you don’t make many payments online” - rubbish, far more than from my personal account
“we’re rolling them out in a random order” - seems far more plausible
Is there any way to jump the queue? “it’s technically impossible for anybody within Natwest to prioritise your request, you will just have to wait for your company to be randomly chosen” - anybody? against policy maybe, technically impossible, nah.
So, has there been a sudden increase in fraud?
“No, fraud hasn’t increased at all, but we’ve noticed that of the customers that have already received their card readers, there hasn’t been a single instance of fraud” - err, so speed up the rollout?
In the meantime, how am I meant to pay my suppliers and staff?
“Telephone banking” - seems somewhat more time consuming and prone to errors?
“Phone your business manager” - she claims this isn’t possible, and besides she’s never there!
“Go into your branch” - are you having a laugh?
Ok, so I’m left with telephone banking… which I might add I’ve never setup, it just seems to have been enabled on our account. Thing is, telephone banking strikes me as far more prone to fraud.
Firstly, telephone calls aren’t secure, SSL web connections are, it’s even legitimate to record telephone calls under certain circumstances. Secondly, anyone within earshot can hear what I’m requesting, including any passwords I get asked to read out. Thirdly, telephone banking seems to require less in the way of security details than online banking. So the argument that it’s all for security reasons seems crazy.
When I tried to complain about their ill thought out policy I was told that I wasn’t being singled out and that they treat all of their customers like this (I didn’t at any point suggest I was being singled out). I was given nothing in the way of apology and very little in the way of suggestion (a mild hint that I choose a different bank, but she refused to tell me that in so many words).
As somebody who often gets asked for advice on what business bank to choose, my advice from now on will be “Do NOT choose Natwest whatever you do”. I think it’s time I started the long winded process of moving my various companies bank accounts away from Natwest. Anyone got any suggestions?