Is RCI a real bank? (2024)

Is RCI a real bank?

RCI Bank and Services

Eligible deposits in RCI Bank are protected by the Financial Services Compensation Scheme ('FSCS') up to £85,000 per depositor.

Facts & Figures | RCI Bank. The facts that make us who we are. RCI Bank UK is part of Mobilize Financial Services, Renault's global banking group. Globally, our group is based out of France, is present in over 36 countries and lends to millions of customers across the world every year.

RCI Banque SA (French pronunciation: [ɛʁ se i bɑ̃k]), trading as Mobilize Financial Services, is a France-based international company that is a wholly owned subsidiary of Renault and part of Renault's Mobilize unit.

Eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Castle Community Bank is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a credit union is unable to meet its financial obligations. Most depositors – including the majority of individuals and small businesses – are covered by the scheme.

RCI Banque is a captive finance company - chartered as bank - and is a wholly owned subsidiary of the French auto manufacturer Renault SA that operates under the Mobilize Financial Services brand.

A strong increase in its net banking income to 2,045 million euros, up 11.9% compared to 2021. Deposits from retail customers increased sharply, with an additional 3.4 billion euros of savings collected in 2022 to reach 24.4 billion euros, or 49% of the company's net assets.

Call your home resort and ask them to Deposit for you now. Then go to RCI.com to Exchange. Your week is Floating – RCI Deposits. Call your home resort and get your week assignment.

Make a transfer on a business day and the money should be available in your linked account by the end of the following business day. If you really need your money the same day please call us to request a CHAPS payment.

What does RCI stand for?

It all started with an idea … RCI stands for Resorts Condominiums International. In 1974, our founders Jon and Christel DeHaan pioneered the concept of Holiday exchange. They saw the choice and added value that holiday home swapping added to the timeshare ownership experience.

2021. Wyndham Destinations acquires the Travel + Leisure brand and renames itself Travel + Leisure Co. (NYSE: TNL), the new parent company of RCI.

To help you determine if a website belongs to an FDIC-insured bank, check the FDIC BankFind, a data resource on the FDIC website. You can look up banks by name or website address to verify whether they are a real FDIC-insured bank. Compare the bank name with the web address or URL.

Your use of the App is free of charge. However, your internet or service provider may charge for using data on your smartphone or tablet device. The App requires a mobile or handheld device with either iOS 11 (or above) or Android Version 7 (or above) operating system.

Nearly all banks are FDIC insured. You can look for the FDIC logo at bank teller windows or on the entrance to your bank branch. Credit unions are insured by the National Credit Union Administration.

Limited number of products and services: While community banks typically offer deposit products and loans, they might not have some of the specialized products more commonly offered by big banks such as credit cards and investment services.

Cash equivalents are financial instruments that are almost as liquid as cash and are popular investments for millionaires. Examples of cash equivalents are money market mutual funds, certificates of deposit, commercial paper and Treasury bills. Some millionaires keep their cash in Treasury bills.

RCI (formerly Group RCI and, before that, Resort Condominiums International) is a timeshare exchange company with over 4,300 affiliated resorts in 100 countries.

Basically, your vacation ownership is assigned a Points value, and you can use these Points to book a vacation at another resort (known as exchanging). It's that simple. Please keep in mind that RCI does not build, own or sell timeshares.

Joining us brings you a world of holiday opportunities, savings and benefits. Your holiday ownership becomes your currency to exchange for endless travel experiences. This gives you the power to discount bookings for resorts, hotels, cruises, tours and more by using your trading power or points to reduce the price.

What is the interest rate for RCI Freedom account?

Freedom savings account with 4.75% interest from RCI Bank. Online flexi saver account with 4.70% interest from Investec. Double access account with up to 4.90% interest from Aldermore. Limited issue online access account with 5.10% interest from Leeds Building Society.

Cancellation

(c) You may cancel a Confirmation by notifying RCI by telephone or in writing. Upon cancellation, the trading power of the Vacation Time deposited may be recalculated.

(c) If you fail to pay your Membership Fee, Accommodation Expenses or amounts otherwise owed when due, the Network Administrator may suspend the use of your RCI Points until such time that payment is made, in full.

You can use just 1 Deposit Trading Power per night plus cash to receive savings on hotels around the world. Learn more here. Deposit in a way that is most convenient for you! Either log-in to your account on rci.com and deposit through the “Manage My Deposits” space on your dashboard or give us a call at 800.338.

You can transfer money from your linked account using one-off electronic payments and regular standing orders. You can also fund a new account with an internal transfer from an existing RCI Bank account in your name. You can use a cheque to make your first payment into your account.