30 August, Friday, 2024
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HomeSourcesexpress.co.ukInside Coutts where the Queen Mother had a £4million overdraft

Inside Coutts where the Queen Mother had a £4million overdraft

For hundreds of years, Coutts has been the place to bank for the upper echelons of society, perhaps most notably the new Monarch. Thanks to its exclusivity and tip-top discretion, the bank, founded in 1692, has served every member of the Firm since the time of King George IV. In fact, Channel 5’s 2019 Secrets of the Royal Palaces documentary revealed that there is a Coutts cash machine stowed away in the basement of Buckingham Palace. But Coutts, a subsidiary of NatWest of which almost 40 percent is owned by the taxpayer, has been hitting the headlines amid a row over UKIP leader Nigel Farage’s accounts being closed. Here, Express.co.uk takes a look at the bank and its connection with the Royal Family.

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