A mass exodus is happening in the personal and business bank account world, with account holders desperately looking for greener pastures wherever they can.
Each week there are winners and losers when it comes to public opinion in the financial services sector – and this week HSBC has lost in a major way.
Competition betwixt High Street lenders and new upstarts is hotting up, which is good for consumers – but experts say that free accounts may be a casualty.
MPs have finally pulled out the big guns in retaliation against the taxman’s plan to raid personal and business bank accounts to punish debtors.
No one wants to spend all day in queue at their local branch in order to conduct their financial matters, but is online banking really all that helpful?
This week saw Tesco Bank throwing its hat in the ring officially with its new current account offering, prompting banks to step up their game in other areas.
So here’s one that you should be seriously concerned about: you could have only two weeks before Russian hackers empty your personal or business bank accounts.
Better keep your cheque books close – new reports this week have revealed that not only is banking fraud growing in volume it’s also cropping up everywhere.
So it’s been some six months since the new current account switching rules have gone into practice, and they’ve yielded decidedly mediocre results.
Two bits of interesting news this week: first of all, there’s literally millions of Brits who don’t have bank accounts – but this could change very soon indeed.