1 How we will use your information
Before continuing with this application, please read the information below which explains how we and others will use your personal and financial information during this application process. When we use and share personal and financial information, we do so on the basis that we have a legitimate interest to prevent fraud and money laundering, to manage our risk and to protect our business and to comply with laws that apply to us (including verifying your identity and assessing the suitability of our products). For full details about how we use the personal and financial information of our customers, please see our full Privacy Notice at www.natwest.com/privacy.
2 Who we are
The organisation responsible for processing your personal and financial information is National Westminster Bank PLC (“NWB”), a member of NatWest Group plc (“NatWest Group”).
3 How we will use and share your information
(a) Credit reference and fraud prevention agencies
We may request information about your business and the proprietors of that business from credit reference agencies to help verify your identity, and to check your credit status to help assess what product you are most suitable for and/or your ability to repay any credit. Those agencies may keep a record of our request(s) and this may affect your ability to obtain credit elsewhere.
While you have a relationship with us, we will continue to share information with credit reference agencies about how you manage your account including your account balance, the regularity of payments being made, credit limits and any arrears or default in making payments. This information will be made available to other organisations.
When assessing this application, we may consider any financial connections you have with third parties (for example from any joint accounts or joint mortgage you hold/have held). If this is a joint application, then a new financial connection may be created. Any financial connection will remain on your record until you request the third party’s information to be removed from your record by filing a “notice of disassociation” with the credit reference agencies.
Further information about credit reference agencies, how they use personal information, and financial connections and how they may be ended, can be obtained from the credit reference agencies. The main agencies we use are Experian (www.experian.co.uk/crain), Equifax (www.equifax.co.uk/crain) and Callcredit (www.callcredit.co.uk/crain). We may use other agencies from time to time. For more information on how we use and share information and the agencies we use, please see Section 11 of our main privacy notice (Credit reference and fraud prevention agencies).
Application decisions may be taken based on solely automated checks of information from credit reference agencies and internal NatWest Group records. You have rights in relation to automated decision making. If you want to know more please see our full privacy notice at www.natwest.com/privacy or contact us at 03457 888 444. Overseas number: +44 3457 888 444. Minicom: 0800 404 6161.
In order to prevent and detect fraud and/or money laundering, the information provided in this application may be checked with fraud prevention agencies. If fraud is identified or suspected details may be recorded with these agencies to prevent fraud and money laundering.
If we, or a fraud prevention agency, determine that you pose a fraud or money laundering risk, we may refuse to provide the services and financing to you. When credit reference and fraud prevention agencies process your information, they do so on the basis that they have a legitimate interest in preventing fraud and money laundering, to protect their business and to comply with laws that apply to them.
(b) With other NatWest Group companies
We and other NatWest Group companies worldwide will use the information you supply in this application (and any information we or other NatWest Group companies may already hold about you) in connection with processing your application and assess your suitability for our products.
If your application is declined we will normally keep your information for up to 6 years, but we may keep it for longer if required by us or other NatWest Group companies in order to comply with legal and regulatory requirements.
We and other NatWest Group companies may use your information in order to improve the relevance of our products and marketing.
(c) With other Third Parties
The information provided in this application may be used for compliance with legal and regulatory screening requirements, including confirming your eligibility to hold a UK bank account and sanctions screening.
We may be required to disclose certain information to regulators, government bodies and similar organisations around the world, including the name, address, tax number, account number(s), total gross amount of interest paid or credited to the account and the balance or value of the account(s) of our customers to HM Revenue and Customs (“HMRC”). HMRC may exchange this information with other countries’ tax authorities.
4 Confirming your agreement
By continuing with this application, you confirm you have read and understood how we may use your information in the ways described above and are happy to proceed.
You are also confirming that:
You are holding authorisation from the other officers and beneficial owners to agree to the searches against them as individuals and use of the information indicated in this agreement;
you will promptly notify them of any changes we notify to you about the use of information provided in this form or obtained as a result of the credit searches;
you have notified the other officers and beneficial owners that if they would like a copy of the information, we hold on them or have any questions about how we use that information they should write to the bank at the address shown in our full Privacy Notice; and
you have retained a copy of this Privacy Notice and have provided the other officers and beneficial owners with a copy of this form including our Privacy Notice
As part of the application process we may ask you to verify your compliance with the process set out above.
A record of any fraud or money laundering risk will be retained by the fraud prevention agencies and may result in others refusing to provide services, financing or employment to you.
Consent for marketing information
Unless you tell us otherwise, you consent that we may contact you with relevant marketing information about NatWest Rapid Cash (including details of other products or services provided by us or other NatWest Group companies which we believe may be of interest to you), by mail, phone, email, text and other forms of electronic communication.
If you change your mind about how you would like us to contact you or you no longer wish to receive this information, you can tell us at any time by contacting us at you can contact Rapid Cash at firstname.lastname@example.org, or by phone at 0330 808 7830 (we'd recommend option 1 for quicker service).