Banking News
Cash jams threaten August Bank holiday misery warns Auriga
As the last summer bank holiday approaches, millions of Brits will be bracing themselves for traffic jams as they make their way to the beach.
Cash still king but crown is slipping as consumers turn to contactless
The number of cash payments decreased by 11% between 2015 and 2016, but it remains the most frequently used payment method in the UK, according to new data published today by UK Finance.
Halifax most switched to bank in 2016
Official figures released by Bacs today show that Halifax was the most switched to bank on the high street in 2016.
5.5M over 50s poised to switch banks if their local branch closes
With reports suggesting that almost 500 high street banks are set to close in 2017, research by Saga has revealed that 5.5M (25%) over 50s will be forced to switch their account if their local branch disappears.
Value of the fiver declines by 96% in the past sixty years
As the paper £5 is withdrawn from circulation, Lloyds Private Banking looks at how the value of money has changed since the modern blue £5 note was first introduced in 1957.
Banks are dead - but who's to blame?
As of late March, the days when a customer could waltz into their high-street bank and demand to speak to its manager may be numbered.
Brits sitting on £420m worth of soon-to-be useless money
As the new 12-sided £1 coins come into circulation next week, Gocompare.com Money has found that Britain has a collective £420m worth of soon-to-be useless currency in coin jars and glove boxes.
6 weeks until the pound stops being round
With only 6 weeks until the historic new 12-sided pound enters circulation, the Commercial Secretary to the Treasury visits the Royal Mint.
There’s no need to wait for an app to check if you’ve got the right bank account
Gocompare.com comments on the reforms recommended in a report from the CMA.
TSB continues to deliver £250 million investment programme in branch and digital services
In April 2015, TSB announced a £250million investment programme to ensure its branch and digital offerings meet evolving customer demand.
UK ATM numbers pass 70,000 for the first time
The growing number of cash machines reflects the essential role cash continues to play in the UK economy.
Protecting banks from the coming data breach liability storm
The Target data breach of 2013 and the Home Depot data breach of 2014 have fueled extensive discussions about who should pay for data breaches. The players include retailers, banks who issue credit cards, and the credit card companies themselves.
Bad credit freezes millions of Brits from everyday life
People with poor credit scores are struggling to secure a home, open a bank account, get car insurance or a mobile phone contract, the research revealed.
A cashless future? Card is King as cash and cheque payments continue to decline at pace
Consumers are embracing the digital age when it comes to their spending habits, favouring card and electronic payments over the more traditional methods of cash or cheque.
ATM numbers at a record high as cash remains popular
There are now more than 69,000 cash machines in the UK – up 58% from the 43,600 ATMs that we had access to in 2003.