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“This won’t happen overnight, but we will be open about our progress.”
— Brian Hartzer, CEO
RBS and NatWest
In an effort to repair a brand image tarnished by bailouts, the Royal Bank of Scotland and sister bank NatWest launched what the pair of financial institutions call their “Customer Charter.” Created by- and for customers, the charter includes a set of 14 promises clustered into four themes: easy, helpful, community support and listening.
The banks say they condensed “the views of more than 30,000 customers” into the 14-point Customer Charter.
Some of the highlights from the new charter:
- Early morning and late night opening in 200 branches by the end of the year.
- Aim to serve the majority of customers queuing in our branches within 5 minutes by introducing a queue measurement tool to our busiest 300 branches.
- Pledge to stay open for business if we are the last bank in town and will consider a range of options to ensure a local banking service is available.
RBS and NatWest vow to monitor the progress made against each promise, and will make the results public — along with an independent audit by Deloitte.
“Every six months we’ll publish a report to let you see how well we have fulfilled our commitments and identify any areas which need improvement,” RBS promises on its website.
“We don’t expect to achieve all of them immediately, and we know that we have work to do, but we will be open about our progress.”
RBS & Natwest Customer Charter
» We are committed to making banking easy
1. We will extend our opening hours in our busiest branches. By the end of 2010 we intend to have 600 branches open on Saturdays, plus selected branches will open early in the morning or late in the evening.
2. We will aim to serve the majority of customers within 5 minutes in our branches. This year we’ll introduce a new queue busting program in our busiest branches to ensure every available member of staff is out serving customers during busy periods.
3. We will provide you with friendly, helpful service whenever you deal with us. We’re aiming to get 9 out of 10 customers to rate our service as helpful.
4. We will help you to make the right choices for you and your money. All of our branch literature will be simplified and rewritten in line with customer feedback. We will also introduce a new Customer Service Review program by the end of 2010.
5. We will provide a 24/7 telephone banking service. Our call centers are UK-based and we’ll always give you the option to speak to a real person.
» We are committed to helping when you need us
7. We will help you quickly if your debit card is lost or stolen and you need access to cash. Our emergency cash service is available to all customers whose debit card is lost or stolen.
8. We will continue to be a responsible lender and are committed to finding new ways to help. We don’t provide credit limit increases to those who are struggling to meet payments on their credit card and will continue to work with independent organizations to help people in financial difficulty. We will also introduce a dedicated support team to help those who are falling into financial difficulty.
» We are committed to supporting the communities we work in
9. We pledge to stay open for business if we are the last bank in town and will consider a range of options to ensure a local banking service is available. We’ve already identified over 100 ‘Last in Town’ locations where we’ll continue to provide a local banking service.
10. We will teach over 25,000 financial education lessons in schools in 2010. We will provide young people with financial education through our MoneySense program.
11. We will actively support the local community in which we live and work. We will do this by creating a community fund. In addition, we’ll offer all our employees a day off for local voluntary work with the aim of providing 7,000 days of community volunteering in 2010.
» We are committed to listening
12. We will resolve customer complaints fairly, consistently, and promptly. We are aiming for 75% of customers to be satisfied with the way their complaint has been handled.
13. Twice a year we will publish the most common of complaints. And we’ll strive to address the causes.
14. We will actively seek your thoughts and suggestions on how we can become more helpful. We will launch a new Customer Listening Program to ensure our staff, including Executives, can hear first hand about the needs and frustrations of our customers.
Sounds good. For a bank looking to rebuild its brand image after the costliest bailout in the world, this is an excellent start.
Key Question: How were staff involved? What communications did they receive? How were they trained and prepared to live out these promises?
Both RBS and NatWest are running ads pushing a new tagline, “Helpful Banking,” in support of the Customer Charter. Global ad agency M&C Saatchi is heading up the campaign, and (presumably) had a hand in the crafting of the banks’ 14 promises.
“We had a searing experience as a business and are thankful we were rescued,” Brian Hartzer, CEO, RBS and NatWest said in a press release. “We have since taken stock on how we do things. There’s a lot we do well for customers, but we can do more and we want to change.”
“This won’t happen overnight,” Hartzer continued. “But the Customer Charter is our pledge that we are on the case and will be held to account against the progress we make.”
RBS, which owns NatWest, is itself 84% owned by the government following a £45.5 ($75 million) bailout that kept it from collapsing during the height of the global financial meltdown.
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