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Why do Triodos use RBS as their clearing bank in the UK?

In the UK there are only a small number of clearing banks. Of those only two, Co-Op and Nationwide, pass the ethical criteria we apply. However, those two providers have not historically offered all of the clearing services we require to be able to service our customer base. Triodos made a conscious choice a number of years ago to use RBS when their scale and activities and the way they were organised was very different from today. We have reviewed our options in light of issues with RBS including our very different approaches to lending criteria, as we would prefer to use a more ethical clearing bank, but in the current market such options are limited, and to change clearing banks is a very large undertaking, meaning that the opportunity to change is restricted at the moment.

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