Banking News
The true cost of ‘free' banking
Which? has uncovered huge variations in the cost of ‘free' current accounts between banks. Charges for going overdrawn for two days per month without permission range from £120 to £900 a year.
Financial tips for university bound students
As thousands of students collect their A-level results and decide where to continue their studies, HSBC offers the following financial tips for students heading to university this autumn:
Three quarters of people say banks still haven't learnt their lesson
Five years on from the day the global financial crisis officially started and the public are more disillusioned with the banking sector than ever before.
Payment Protection Insurance (PPI) provisions hit £10 billion
HSBC have announced they have set aside a further £340 million for PPI redress costs, bringing the total PPI provisions across the banks to a staggering £10 billion.
M&S Bank opens its first branch in Marble Arch store
M&S Bank opens its first branch today (Thursday 19th July) at M&S's flagship Marble Arch store. Fifty M&S Bank branches will open by the end of 2013, with 16 opening by the end of the summer.
Enough is enough - banking customers vote with their feet
Following the recent turmoil in the banking sector, MoneySupermarket polled its site users on whether events have affected the way they view their bank, and over half (54 per cent) stated it had impacted.
Advice if you’re thinking about switching banks
Following recent UK banking issues, Kevin Mountford, head of banking at MoneySupermarket.com offers the following advice to consumers thinking about switching banks: "The recent problems in the banking sector are prompting some consumers to vote with their feet and look to switch providers, with MoneySupermarket seeing a 25 per cent uplift in the number of searches to the current account channel.
Charity Bank reports 200% increase in new depositors
Tonbridge Charity Bank, the social savings bank, reports a significant increase in new depositors. Between 1st January and 30th June 2012, 440 new customers have opened accounts, compared with 140 for the same period in 2011. Visitors to Charity Bank’s website and savings enquiries have also doubled in the past week.
Dover petrol station refuelled with Santander finance
The Whitfield Roundabout in Dover has been home to an abandoned petrol station for the last seven years, but the pumps are set to flow again after the site was acquired by three local businessmen with the support of a new financial package from Santander Corporate Banking.
Nationwide simplifies PPI complaints process
Nationwide Building Society has announced several proactive measures to help customers make Payment Protection Insurance (PPI) complaints more easily.
New charity donation service goes live at all RBS cash machines
LINK, the UK cash machine network, has announced that a new service to enable customers to make charity donations at UK cash machines has gone live with Royal Bank of Scotland as the first participant.
The Co-op named Europe's most sustainable bank
For the third year running The Co-operative Banking Group's sustainable approach has received international recognition at the Financial Times' Sustainable Banking and Finance Awards.
European Championship cash dash
Football fans are set for a ‘cash dash' on the days of England fixtures at the European Championships, according to Sainsbury's Bank.
Tesco Bank signs up charity donations on ATMs at Tesco stores
Tesco Bank announces from Thursday 14 June that Tesco customers can donate to any of its chosen charities at ATMs located at more than 2,200 stores throughout the UK.
Metro Bank raises £126 million to fund further expansion
Metro Bank, the revolutionary customer- focused high street bank, confirms a third round of growth capital. The £126 million growth capital raised will directly support the bank's rapid expansion plan of store openings.