A spokesman confirmed the financial institution made the invention within the wake of one other overseas change rigging scandal by which RBS and 4 different banks obtained file fines from the Metropolis watchdog.
In 2014, RBS was ordered to pay £217m for its traders’ part in collusion with employees at different banks to control “spot” foreign money charges, ripping off their purchasers and distorting the broader market.
The financial institution stated prospects would have been unaware that they had misplaced out as a result of they obtained the charges quoted to them, however that these weren’t set on the stage the financial institution meant.
RBS made the choice to supply payouts itself, with out being ordered to take action by regulators.
The staff accountable, who numbered fewer than 10, had all left the corporate earlier than their actions have been found.
The group didn’t revenue from the skimmed money immediately, however would have benefited from bonuses to linked the efficiency of their division.
Affected prospects are being written to and can obtain a refund for the additional price they paid, plus 8pc easy curiosity, paid robotically into their accounts.
Mike Warburton, a Telegraph columnist and former director at accountancy Grant Thornton, was handed £122 in compensation.
