Banking News
No holiday for ATMs as withdrawals set records
LINK, the UK’s ATM network, announced that Christmas 2014 was a record time for cash machine withdrawals. Britons flocked to ATMs on Christmas Eve for a last-minute dash for cash, making it the busiest day of the year for cash machines across the UK.
December UK ATM withdrawals could reach £11 billion
Analysis by Sainsbury’s Bank suggests that this December approximately £11 billion could be withdrawn from ATMs through the LINK network in the UK – equal to more than £355 million every day during the month.
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.
Lloyds Bank customers get an iPad when they move home
Lloyds Bank has announced its latest offer which gives first time buyers and homemovers an iPad to help keep them connected when they move into their new house.
TSB has big plans for Keypoint in Bristol
In late November 2014, TSB Bank plc will officially take up residence in new offices in Bristol, moving to Almondsbury Business Park from its current location in Prince Street in Bristol’s city centre.
Barclays fined £38 million for putting £16.5 billion of client assets at risk
Barclays Bank Plc (Barclays) has been fined £37,745,000 by the Financial Conduct Authority (FCA) for failing to properly protect clients’ custody assets worth £16.5 billion.
The Top 15 student money mistakes - current undergrads 'fess-up'
A new survey looking at how undergraduates are managing their finances reveals that only 53% of students think that they are managing their money well; with nearly one in five (19%) saying they are seriously worried about their financial situation.
Women more confused by financial jargon, in comparison to their male counterparts
Banks/building societies are at risk of bombarding customers with too much financial jargon – potentially losing their custom to a competitor because they simply don’t understand the language used by them, according to new research.
It’s good to talk, now it’s even better for Skipton’s customers
It’s refreshing to know that in these times of rising prices for consumers, one organisation is cutting costs for its customers.
New report shows cash still dominates
A new industry report, UK Cash & Cash Machines 2014, confirms the strong role cash continues to play in our society.
Europeans struggle to break the Dirty Cash habit
Despite believing handling cash, bank notes or coins to be unhygienic and dirty, only one in five wash their hands after holding it, according to research by MasterCard.
New LINK initiative lets customers suggest ATMs to dispense £5 notes
LINK, the UK’s cash machine network, has today (8 May) announced a new initiative that allows customers to suggest a cash machine that they would like to dispense £5 notes.
Mobile payments gain momentum with launch of Paym
Commenting on the launch of the new mobile payment system, Paym, Ernest Doku, telecoms expert at uSwitch.com, says:
Mobile payments service ‘Paym’ to launch this month
From the 29th of April 2014 consumers will be able to use their mobile phones to make bank payments via the new Paym service.
New £1 coin announced
The new £1 coin will have the same shape as the 12-sided three pence piece or ‘threepenny bit’.