New data shows more Brits are switching their current accounts to different banking providers – but it’s still just a bare fraction of the total.
Tag Archives: overdraft
1 million banking customers switch amidst fears of bank run
The new current account switching rules that went into effect nearly a year ago have attracted more than 1 million customers, but could a bank run be looming?
HSBC strings up small business while RBS relents
This week in the personal and business bank account world one major high street bank hangs a small business out to dry while another shows some mercy.
Lloyds sells again, Virgin Money throws hat in ring
The news has been all current accounts all the time this week, as it came to light that Lloyds TSB will start selling again and Virgin Money is launching.
High overdrafts and low interest rates – what else is new?
The one-two punch of high overdraft fees and abysmally low interest rates on savings accounts is wreaking havoc with Brits with no end in sight.
FSA managing director says ‘free’ banking nonexistent
The Financial Services Authority’s managing director made waves this week after announcing that there’s really no such thing as ‘free’ banking as we know it.
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