fintech / news / / The Sunday Times
Coutts has raised the minimum amount it requires clients to have from £1 million to £3 million.
Coutts has raised its minimum client wealth requirement from £1 million to £3 million.
KEY POINTS
- The new £3 million threshold applies only to new customers from November onward.
- Existing Coutts clients below the new threshold will not be affected by the change.
- Coutts now directs those below the threshold to open accounts with NatWest instead.
- The bank applies some discretion and may still consider clients who do not meet the threshold.
COMPANIES
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