March 10, 2020 / 11:00 AM / 18 days ago

Royal Bank of Scotland offers mortgage relief to customers hit by coronavirus

FILE PHOTO: Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December 1, 2017. REUTERS/Peter Nicholls/File Photo

LONDON (Reuters) - Royal Bank of Scotland (RBS.L) has pledged to defer mortgage and loan repayments for up to three months for customers impacted by coronavirus, the state-backed lender said on Tuesday.

RBS has said it would also waive early closure charges on fixed savings accounts and offer refunds on credit card cash advance fees so affected customers can access cash without penalty.

The bank also said customers could apply for increased temporary credit card limits and request an increased cash withdrawal limit of up to 500 pounds to help them manage disruption.

“We are monitoring the potential impact of coronavirus across all our customers to ensure we can support them appropriately through any period of disruption,” a spokeswoman for RBS said.

Reporting By Sinead Cruise, editing by Lawrence White

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