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Banking

1 in 12 current account customers hit by unauthorised overdraft charges

One in 12 current account customers find that “free banking” is anything but when they are hit by unauthorised overdraft fees and returned item charges.

Halifax team up with Quidco to give you extra over the holiday season

Customers looking to switch their current account to Halifax before Christmas can now earn a bonus of £140 when switching through the cashback website Quidco.

Lloyds Bank extends Club Lloyds to Private Banking

Lloyds Bank has announced the extension of its innovative Club Lloyds current account to its Private Banking clients.

Nationwide shows its support for savers, homebuyers and current account customers

Nationwide Building Society has reinforced its support for savers and homebuyers, as well as strengthening its position in the current account market

Counting money instead of sheep at night? You could be a financial insomniac

Checking your bank balance is a national nocturnal pastime with more than a third of people logging on throughout the night – eclipsing other consumer activities such as online shopping and downloading music.

Paym available to even more customers

Customers of Clydesdale Bank, Isle of Man Bank, NatWest, Royal Bank of Scotland, Ulster Bank and Yorkshire Bank can now register for Paym, adding to the number of leading UK banks and building societies offering the secure way to pay using just a mobile number.

Four million people interested in trying online banking for the first time

Millions of British adults who have never tried internet banking would be interested in doing so, according to new independent research published by the Payments Council.

Using the wrong overdraft could cost dearly

Consumers should shop around and think of the bigger picture when choosing their bank account to avoid being stung by hefty overdraft charges, warns MoneySuperMarket.

Five core strategies for business survival

Small business owners, whether they are business professionals creating a consulting firm or entrepreneurs introducing a new product or service to the marketplace, need to study the principles of business survival because statistics compiled by the the Bureau of the Census for the Office of Advocacy of the U.S. Small Business Administration suggest that most new businesses only survive between one and ten years.

Post Office reports 30 per cent increase in cash withdrawals across its network

The Post Office has announced a 30 per cent increase in over the counter cash withdrawals across its network, as the numbers of customers from banks and building societies continue to grow in accessing cash across its network.

1 in 5 Brits have fallen into unauthorised overdraft in the past 3 months

One in five people with a current or basic bank account in the UK, the equivalent of 13.7 million people, has been charged by their bank for entering an unauthorised overdraft in the last three months.

More current account switchers choose Halifax

Over 130,000 customers switched to Halifax in the first six months following the introduction of the Current Account Switching Service (CASS) in September 2013, according to official figures.

Sainsbury’s Bank Travel Money launches 72 hour rate sale

Sainsbury’s Travel Money is offering a special rate on all currencies bought online or over the phone between 9.30am, Monday 13th October and 9.30am, Thursday 16th October.

first direct launches Paym for its customers

From 14th October, first direct customers will be able to use Paym to make secure payments of up to £350 per day to friends, family and anyone else using the Paym service with just a mobile phone number from the first direct Banking on the go App.

Plan half term holiday money now for a better deal

With October half term just around the corner, MoneySuperMarket.com offers tips to help those going abroad when schools break up.