£12

Yes, that is the price you will pay as a credit card customer of The Royal Bank of Scotland if you do not inform them you have changed address!

The bank says it will charge you £12 if an address alteration is not made before two statements are sent to the old address; a period of up to 60 days.

It is also planning to treat card purchases of items which it calls "cash equivalent products" as cash advances. These items, such as gift vouchers and betting, will immediately incur high rates of interest.

It is just another way that banks are attempting to recover losses which they suffered when last year the Office of Fair Trading (OFT) cut the amount they could charge for late credit card payments.

Several card issuers have put up their interest rates in recent months, while others have introduced fees for services.

So, make sure you let them know you are moving on, unless you want more of your hard earned money to line their pockets!