Banking News
The year 2025: Brits expect to be able to pay by thumbprint scan
More than half of Brits (51%) expect to be able to pay by scanning their thumbprint in the year 2025 according to a survey carried out by the Payments Council's education campaign, PayYourWay.org.uk.
Saffron Building Society receives Fairbanking accolade
Saffron Building Society, the largest building society serving the East of England, reveals that its Goal-Based Saver range of savings accounts has retained its special accreditation by the Fairbanking Foundation.
The Co-op launches first ‘customer-service only' bonus scheme
The Co-operative Bank has launched a new quarterly bonus scheme which rewards branch staff solely on their customer service performance.
Banks should set aside more funds as PPI complaints double
Which? is calling on the banks to ensure they set aside more funding to pay back customers who were mis-sold Payment Protection Insurance (PPI), as complaints continue to rocket and the £10 billion set aside by the banks could run out within months.
Co-operative Bank triples renewable energy lending
The Co-operative Bank has seen a marked increase in the number of new renewable energy projects it has funded, which has led to it almost tripling its lending to the sector in the past year.
New online tool to max young people’s money skills
Young people are now able to go online for a free tailored money action plan, thanks to the launch of Max Your Money Skills, a new online tool designed to improve the financial skills of 14 to 18 year olds.
Which? calls for Big Change in banking
Which? launches a major new campaign, ‘Big Change', today calling on the banks to put customers first not bankers, as new research shows that banking is one of the least trusted professions.
HSBC customers to benefit from access at 11,500 Post Office branches
HSBC has announced that from Spring 2013 all nine million HSBC and first direct personal current account customers will be able to access their bank account at Post Office counters.
Five year anniversary since Northern Rock - winners and losers
With September 14 marking the fifth anniversary since the run on Northern Rock, heralding the start of the credit crunch in the UK, MoneySupermarket (MONY) analysed how the financial landscape has changed since 2007.
A quarter of Brits would bank with Amazon
The wave of new entrants to the banking sector has created even more appetite amongst consumers for an alternative to the high street bank, according to research from uSwitch.com.
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.