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pre-paid credit cards

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Figgipuddin | 20:09 Wed 02nd Sep 2009 | Business & Finance
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If my prepaid card is managed by RBS. Can they confiscate my funds if I owe money to Natwest since Natwest is a subsidiary company of RBS?
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I have 2 accounts with the RBS and they can't transfer money from one to the other withour me asking them toi, and so i doubt they could snatch any of your pre-paid funds.

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I think RBS's terms and conditions probably do allow them to take your money from one account to offset another, Dot, but they'd do this only in exceptional circumstances.
It is almost always part of the small print that banks can offset a debt on one account against a credit on another. This doesn't just apply to current accounts. It could be a credit card debt offset against a current account balance. Whether RBS can do this with a NatWest account I don't know, but it wouldn't surprise me if they can.

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