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Royal Bank Of Scotland

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Hi all, I am banking with the Royal bank of Scotland. I recently experienced problems with income. I had a few cheques bounced as rent had not been paid into my account. I got unpaid fees on my account from £35 to £70 Is this normal ???? My account is in a company name would this make a difference ?

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Hi all, I am banking with the Royal bank of Scotland. I recently experienced problems with income. I had a few cheques bounced as rent had not been paid into my account. I got unpaid fees on my account from £35 to £70 Is this normal ???? My account is in a company name would this make a difference ?

I'd have thought the standard practice under the circumstances would be to increase the rent you charge to your tenants by the amount which you have been charged by your bank - perhaps with an extra 5% for good measure. That ought to cover it, surely? I don't see why you ought to bear the cost of being borderline insolvent when you have sitting tenants who could stump up.

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I'd have thought the standard practice under the circumstances would be to increase the rent you charge to your tenants by the amount which you have been charged by your bank - perhaps with an extra 5% for good measure. That ought to cover it, surely? I don't see why you ought to bear the cost of being borderline insolvent when you have sitting tenants who could stump up.

+1.

An alternative to increasing the rent might be to impose an arbitrary one-off charge of £70 (perhaps call it "inspection premium" or something.

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Wouldn't the correct thing to do be to check with the RBS if this is 'normal' and if the fees charged are correct?

How would people on a forum be expected to now if they charge is correct? You haven't even given any indication of how many items went unpaid, what type of payment they were or what the value of them was.

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