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News from Spain
NEWS FROM SPAIN is pleased to provide this opportunity to share information, experiences and observations about what's in the news. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.


Saturday, 26 February 2011

Is Santander Britain's worst bank?


00:51 |

Building a Global Bank: The Transformation of Banco SantanderSantander is bidding to bring in new customers with Isas paying more than 3%. This attractive offer is just one of a number of best-buy products being offered by the Spanish-owned bank. So why is it that Money receives so many complaints about its customer service?

Our 'consumer champions' column on the back page is full of gripes about money that goes missing at banks, broadband breakdowns, utility failures and investments gone sour.

Occasionally we feature a reader's problem involving Santander. But, in truth, we could feature Santander every week. We don't, because we think it would be boring. But, in reality, Money receives more complaints about Santander than any other bank, and sometimes more than all the others put together.

It's difficult to pin down a single issue; sometimes it's about delays in transferring an Isa, at other times it's about accounts being frozen for security reasons which then take ages to unblock. Many are quite low-level grumbles, and sometimes, of course, the reader is wrong and Santander is right. But one thing appears to unite complainants: a sense that no one is willing to take ownership of the problems, with customers, instead, bounced from pillar to post."


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