Wednesday, 27 June 2012

Thinkbanking accounts rescued

100,000 customers of a specialist current account provider which depends on RBS are being told that their accounts will back to normal at 3pm this afternoon.

Thinkbanking offers a tailored account for people who need to budget carefully, so its customers were particularly vulnerable to having their funds cut off.

Like RBS customers, most of them were unable to see credits to their accounts or gain access to their money.

The company has paid out hundreds of thousands of pounds to customers desperate for cash to keep going.

Some have complained that while most RBS and NatWest accounts were sorted out on Monday, theirs have been left on one side.

Thinkbanking, based near Manchester, relies on RBS's banking licence and account administration to provide its service.

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