Review Period: Mar 2015
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FCA says seven-day switching needs more support

The new seven-day switching rules that allow consumers to give one bank the boot and join another need more support, says the Financial Conduct Authority.

HSBC shutters bank accounts of UK nationals in Jersey

Because the Universe decided that HSBC isn’t quite hated enough by the world, the bank has decided to begin shuttering accounts of UK nationals in Jersey.

Nearly 2m Brits going without any sort of bank account

Business banking news review: week ending 12 March 2015 If the Financial Inclusion Commission is to believed, nearly 2 million Brits are going without any sort of personal or business bank account right now. According to the FIC’s latest figures, these individuals are truly running the risk of being disconnected from what the commission calls […]

Fearful, cowardly banks freezing accounts of charities

British charities working in conflict zones are having their business bank accounts closed left and right thanks to fearful, and cowardly banking providers.

Yorkshire BS complains new switching rules not doing enough

Yorkshire Building Society complained this week that the new rules put into place to make it easier for customers to switch bank accounts aren’t doing enough.

Two RBS banks join the 21st century with thumb print sensors

Two Royal Bank of Scotland group banks, RBS and NatWest, have forged ahead into the 21st century by adopting thumb print reading technology from Apple.

Barclays forces current account switches on its customers

Countless Barclays customers are furious after being informed that they’re being forced into an unwanted and unsolicited switch to a different current account.

Online banking for kids: why let adults have all the “fun?”

In a move that must surely be the result of some febrile mind somewhere, Halifax has come up with a new service: online banking for children.

Brits found to be switching accounts in greater numbers

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.

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