On 20 June 2024, we announced that NatWest Group plc, through its subsidiary, National Westminster Bank plc, entered into an agreement with Sainsbury’s Bank plc (“Sainsbury’s Bank”) to acquire certain retail banking assets and liabilities of Sainsbury’s Bank which comprises its outstanding credit card, unsecured personal loans and savings accounts.
The transfer was implemented by a banking business transfer scheme under Part VII of the Financial Services and Markets Act 2000 (as amended) (the “Scheme”) and took effect from 1 May 2025.
As of 1 May 2025, NatWest became the legal owners of certain personal loans, credit cards and savings accounts.
There are no immediate changes to how customers use and access their account(s).
We’re continuing to work closely with Sainsbury’s Bank to make sure the transfer is as safe and as smooth as possible for customers.
NatWest looks forward to welcoming customers in the coming months.
You'll find further information about the transfer on the dedicated Sainsbury’s Bank webpage.