Common Reporting Standard on Automatic Exchange of Information

RBS International reviews its customers reporting status (including tax residency) and reports annually to local tax authorities. The term 'resident' will differ for each tax jurisdiction.

How we classify you will not affect your day-to-day banking service, but will help us identify customers whose account details may need to be shared with the appropriate tax authority.

If you're an existing RBS International customer, you may need to provide specific declarations, in order to apply the right CRS classification to your account(s). If we need more information we'll write to our customers.

If you are considered a resident of a country participating in the CRS Automatic Exchange of Information you may be asked to provide RBS International with additional information/documentation. We will also have to report information about you and your account(s) to the local tax authority each year.

CRS will have minimal impact on most customers, who won't have to take any action. However, RBS International may still contact you to confirm your status as a resident of your bank's tax jurisdiction.

To find out more you can either visit http://www.oecd.org/tax/automatic-exchange/common-reporting-standard/ or your local tax authority website.