The Royal Bank of Scotland is one of the retail banking firms that operates under The Royal Bank of Scotland Group Plc, along with NatWest and Ulster Bank. Both the bank and its parent company remain separate from the Bank of Scotland, which was established 32 years prior to RBS.
RBS has 700 branches across the UK and Wales, however many are concentrated in Scotland. Additionally, RBS have made significant progressions that have innovated modern banking. The group is responsible for first creating the overdraft and then later introducing contactless payments.