24th June 2012

I can confirm that we are making progress to clear the backlog of payments and I'm cautiously optimistic that RBS and NatWest customer account balances will be largely back to normal from tomorrow.

The knock on effects of this technical failure mean there will be bumps in the road. We will do everything we can to minimise further disruption to our customers. And we continue to rely on and appreciate their patience as we work through possible disruptions.

I can confirm today that we have started the process of putting things right for our customers. We will automatically waive any overdraft fees or charges on current accounts for customers affected. This will be processed over the next few days.

We will work directly with credit agencies to ensure no one has their credit score affected. For all other issues, customers have our commitment that they will not be out of pocket from this issue. We will publish further details on how we will ensure this later in the week.

Susan Allen, Director of Customer Services, RBS Group

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