RBS Citizens Financial Group Launches Bank Better Initiative with Signature Approach to Overdrafts – No Overdraft Fee for

  RBS Citizens Financial Group Launches Bank Better Initiative with Signature
  Approach to Overdrafts – No Overdraft Fee for Transactions of $5 or Less –
  and Other Enhancements

     Comprised of dozens of individual initiatives, “Bank Better” program
establishes a simple, clear and personal approach to banking for Citizens Bank
                          and Charter One customers

  Overdraft changes part of broader effort to increase product transparency,
  enhance customer communications and refine products and services to better
                    meet customers’ personal banking needs

Business Wire

PROVIDENCE, R.I. -- November 6, 2013

RBS Citizens Financial Group, Inc. today announced the launch of Bank Better,
a company-wide program to make banking simple, clear and personal for Citizens
Bank and Charter One customers. Bank Better launches with a signature approach
to overdrafts –- no overdraft fee for transactions of $5 or less – and several
other significant updates to the bank’s offerings.

“Coming out of the financial crisis, banks have a special opportunity to prove
to their customers that they value their business and that they are committed
to doing the right thing and creating real value for their customers,” said
Brad Conner, Vice Chairman of Consumer Banking. “We know that banking isn’t
just important to our customers – it is personal to them. With Bank Better, we
have a simple but important goal: Make it easy for our customers to ‘bank
better.’ We want to always be improving our ability to meet the needs of our
customers, and Bank Better is helping us define this opportunity and deliver
on it for our Citizens Bank and Charter One customers.”

RBSCFG launches Bank Better with three key enhancements for customers:

Simplified Overdraft Policies for Personal Checking and Money Market Accounts

  *No overdraft fee for any transaction item of $5 or less. This feature
    applies to an unlimited number of transactions of $5 or less.
  *Replacement of a tiered system of overdraft fees with a simple flat fee of
    $35 per item for overdrafts and returned items greater than $5. This
    change also lowers the overdraft fee that the majority of customers would
    pay, from $37 to $35.
  *There are no changes to Sustained Overdraft Fees, which apply when an
    account is overdrawn by any amount, for three or more consecutive days.
    Complete overdraft policies will be available online starting November 8
    when the simplified policies take effect.

Simplified Posting Order for Checking and Money Market Account Deposits,
Withdrawals and Payments

The following provides a general overview of the new posting order.Complete
details will be available online starting November 8 when simplified posting
order takes effect.

  *First, deposits are credited to accounts as soon as they are available.
  *Next, transactions with a date and time stamp (e.g. ATM withdrawals, debit
    card transactions, transactions executed by a teller and transfers) are
    processed in chronological order.
  *Next, transactions that are not date and time-stamped are processed in
    order of highest-to-lowest dollar amount. These include checks (other than
    those cashed at the teller),ACH transactions, Online Banking payments,
    recurring monthly payments and others.
  *Finally, adjustments and then fees are processed in the order of
    lowest-to-highest dollar amount.

Clear Account Information

  *Based on customer feedback, the Personal Deposit Agreement and the
    Personal Account Fees & Features Guide provided to customers have been
    simplified, with information organized to make it easier for customers to
    find the information they need.
  *Also this year, the bank introduced new Checking Account Guides and an
    online overdraft resource center for customers. These pages will reflect
    the new changes on November 8.

These Bank Better improvements join other recent enhancements including:

  *ATM messages notifying customers that their transaction may overdraw their
    account and offering the option to proceed or cancel the transaction.
  *Proactive phone calls and letters to customers who frequently overdraft to
    offer information about overdraft choices.
  *An annual “report card” for student loan borrowers to eliminate the
    potential for sticker shock at graduation.
  *A Checking Quick Start Guide to help new customers learn about their
    accounts and take advantage of services like direct deposit, Online
    Banking and Bill Pay, Mobile Banking and more.

Still ongoing are other Bank Better projects like:

  *A new checking account offering scheduled for 2014 that will set the
    industry standard for simplicity, clarity and ease of use.
  *A bank-wide effort to review and rewrite more than 3,000 types of customer
    letters to make them more clear and helpful for customers.
  *The introduction of a new digital teller system that is making “paperless
    branches” a reality.
  *The introduction of a state-of-the-art ATM network.
  *Enhancements to the bank’s award-winning Mobile Banking and Online Banking
    services.
  *Training programs focused on helping colleagues understand and serve
    individual customer needs.

To learn more, call the bank’s 24/7 customer contact center at 888-910-4100,
like the bank on Facebook, follow the bank on Twitter or visit the Citizens
Bank website.

About RBS Citizens Financial Group, Inc.

RBS Citizens Financial Group, Inc. is a $118 billion commercial bank holding
company. It is headquartered in Providence, R.I., and through its subsidiaries
has approximately 1,400 branches, nearly 3,600 ATMs and nearly 19,000
colleagues. Its two bank subsidiaries are RBS Citizens, N.A., and Citizens
Bank of Pennsylvania. They operate a 12-state branch network under the
Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire,
New Jersey, New York, Pennsylvania, Rhode Island and Vermont; and the Charter
One brand in Illinois, Michigan and Ohio. RBSCFG has non-branch retail and
commercial offices in more than 30 states. RBSCFG is owned by RBS (the Royal
Bank of Scotland Group plc). RBSCFG’s website is citizensbank.com.

Contact:

RBS Citizens Financial Group
Lauren DiGeronimo, 781-471-1454