Last year saw a record number of Brits switching personal and business bank accounts to new providers, according to new data from the Payments Council.
News that the inflation rate in the UK has dropped like a defunct Russian satellite from orbit have done little to assuage those with awful savings accounts.
Banks and building societies across the UK have given it to the nation’s savers on the chin once more, with interest rates being slashed on scores of products.
If you’ve got a personal or business bank account – and who doesn’t? – you need to look out for fraudsters looking to scam you out of your hard-earned cash.
The UK’s biggest building society says that online banking activity on Christmas Day shoots through the roof every year, just like clockwork.
Nine British personal and business bank account providers have fallen in line with Treasury demands by offering fee-free basic bank accounts to Brits.
Welcome to the 21st century, Barclays customers: your bank now accepts cheque deposits via smartphone cameras. Just like most other non-Stone Age banks.
Chalk up a victory for the Government: banks have decided to comply with plans put forward to provide basic bank account access to Brits despite the cost.
The furore over the plan to let Her Majesty’s Revenue & Customs to simply raid personal and business bank accounts has resulted in the Treasury stepping in.
Smaller banks are willing to try anything to get customers to switch – including just throwing money at them in a bare-faced attempt at bribery.