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.
Tag Archives: current account
Will we all be signing the bitcoin blues soon?
If you’re anything like me, you hear the word ‘bitcoin’ and wonder just what in the world that is – but we might all be in for a crash course very, very soon.
Lloyds TSB hikes overdraft costs even higher
As if it already didn’t cost you an arm and a leg if you go into the red on your current account, the largest retail banking provider in the UK has announced it will be raising the costs of setting up overdraft facilities even higher in the near future.
Brits know cash ISAs are important – but few find best rates
It’s no secret that cash ISAs are important tools when it comes to building savings pots, yet industry experts are mystified at how few Brits spend time searching for a product with the best interest rates attached to it.
Santander launches new current account offering high interest rates
Santander recently launched a new current account offering not only high interest rates but with cashback on many consumer purchases, industry experts recently reported.
Don’t throw out your chequebook just yet
If you’ve been debating whether to throw out your chequebook because you hardly ever use it any more, experts say you should wait, as paying by cheque could be making a comeback due to new technology.
Fake Tesco Credit Card Twitter account targets users
Users of the social media site Twitter were targeted by scammers looking to get credit card information from Tesco Bank customers recently in an attempt to get them to pass along their telephone numbers, supposedly to be contacted by a Tesco customer services member.
Overdraft charges highest since 1995, experts say
Overdraft fees charged on some current accounts in the UK are at their highest levels since 1995, when records first began being kept, industry experts from the Bank of England recently reported.
Nationwide in hot water for dressing up ‘fraud guarantee’
Consumer group Which? has taken one personal and business bank account provider to task for billing its current account ‘fraud guarantee’ as a specialised perk for customers instead of their legal right, experts say.
Santander doubles overdraft fees, draws ire from customers
One major current account provider has drawn ire from its customers after the announcement it will be doubling its overdraft fees, banking experts recently reported.
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