Feeds

Queen forced into online banking

Coutts loses interest in counter service

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

The Queen will soon be one of the first Brits forced into banking online or over the phone. No longer will Buckingham Palace servants be able to pop into Coutts Bank to cash the royal cheque or bring back a few fifties from the hole in the wall. The high society outfit has announced it is withdrawing counter services at all its branches in favour of 24-hour banking. The NatWest subsidiary claimed there was no demand for over-the-counter transactions. Alternatively, it could just be too expensive to fulfil their clients' demands. Coutts has been gradually shutting down branches around the country. Its Eton branch, where cashiers wore the regulation tailcoats, was ditched last year following too many rich nippers cashing cheques for as little as £1 into "cornflakes accounts" opened for them by their parents, today's Times reported. Now the Etonians are reduced to queuing up to use the hole in the wall at the nearby HSBC cashpoint. The bank closed its Bristol branch at the same time. The head office in the Strand in London will remain and offer a full range of banking services, according to a Coutts representative. "We tend to go and see our clients at their home or place of work, or they can come and see us here," she said. Maybe Coutts will use this opportunity to call on some of its debtors. HRH the Queen Mother is reputed to have a £4 million overdraft with the bank. ® Related Stories Queen invests in Web firm Queen's bank Coutts to fire Bristol, IOM staff Queen's Web site runs on Linux

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.