Under the scheme(s) customers are entitled to make only one claim per licensed entity regardless of the number of brands or trading names contained within that licensed entity and customers are entitled to make one claim only per licensed entity in the jurisdiction where the deposits are held.
Therefore as NatWest International brand is operated by RBS International it is not licensed in its own right. A person with a deposit in NatWest International and a deposit in RBS International would thus only be entitled to make one claim.
Jersey Banking Depositor Compensation Scheme
NatWest International is a participant in the Jersey Bank Depositors Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5-year period.
Full details of the Scheme and banking groups covered are available on the Government of Jersey website www.gov.je/dcs or on request.
Guernsey Banking Deposit Compensation Scheme
NatWest International is a participant in the Guernsey Banking Deposit Compensation Scheme. The scheme offers protection for ‘qualifying deposits’ up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5-year period.
Details are available from: Website www.dcs.gg. Telephone: +44 (0)1481 722756. Post: P.O. Box 380, St Peter Port, GY1 3FY.
Deposits made in a Guernsey Branch will not be covered by any equivalent scheme in any jurisdiction outside of the Bailiwick of Guernsey.
Isle of Man Depositors’ Compensation Scheme
NatWest International is a member of the Isle of Man Depositors’ Compensation Scheme (DCS) as set out in the Depositors Compensation Scheme Regulations 2010.
To understand your eligibility under the scheme you may wish to visit the Isle of Man Financial Services Authority website.
Gibraltar Deposit Guarantee Scheme
The Royal Bank of Scotland International Limited trading as NatWest International is covered by the Gibraltar Deposit Guarantee Scheme (‘GDGS’). The GDGS can pay compensation to depositors if a credit institution is unable to meet its financial obligations. Ordinarily, most depositors – including individuals, corporations and small businesses – can claim back up to EUR 100,000 of their deposits (or EUR 100,000 for each eligible account holder if it’s a joint account). However, there are important exclusions which apply to certain depositors, which are set out on the website of the GDGS.
For further information about the compensation provided by the GDGS refer to: www.gdgb.gi.
