NatWest Joins Move to Impose Fees for Cards
LONDON - National Westminster Bank PLC has become the last of the big four British commercial banks to charge an annual fee on credit cards.
Beginning Oct. 15, NatWest's 4.4 million cardholders will have to pay the equivalent of $20.16 a year on Access/Master-Card and Visa cards. The fee is equal to that charged by Lloyds Bank, the first of the big four banks to introduce a fee last year.
Barclays PLC, the No. 1 British bank, charges the equivalent of $13.44, while Midland Bank PLC charges $16.80.