The full form of RBS Bank is “Royal Bank Of Scotland”. It was established in 1727 and is one of the oldest banks in the world. It became a subsidiary of NatWest Group in 2019. It is among the biggest banking employers across the globe. Its headquarter is in Edinburg, Scotland.
To pay tribute to particular occasions and people, RBS issued “Commemorative Banknotes' '. These notes are rarely available, which increased the massive demand for these notes among collectors. Some of these special notes issued by RBS are- to celebrate the Council of European Union on the 100th death anniversary of RL Stevenson, to celebrate the 150th birth anniversary of Alexander Graham Bell, on the opening of RBS’s new headquarter in Gogarburn.
It provides banking and insurance services for personal, business and commercial customers.
Since 1946, it also operates mobile branches to serve rural areas.
It took the initiative of Faster Payments Service.
It also participated in the trial of PayPass contactless debit and credit card in 2006 across Europe.