Banking News
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.
M&S Bank to launch in summer 2012
This summer will mark the arrival of M&S Bank - bringing the trusted Marks & Spencer brand values to banking and offering customers a new choice of bank on the UK high street.
Metro Bank helps London kids with their 1,2,3s
Metro Bank, the UK's revolutionary customer-centric high street bank, has launched a free financial education programme for primary schools.
Post Office becomes biggest accepter of contactless payment in Europe
Post Office Limited is leading the way in payment technology with today's announcement that it is to roll out contactless payment terminals across 30,000 counter positions in its unrivalled network of over 11,500 branches.
Love your bank at last! Metro Bank arrives in Chiswick
The banking revolution gathers pace this week as Metro Bank continues with its 2012 expansion plans. The 18th and 19th of May sees Britain's newest bank opening its 12th store in Chiswick, West London.
Credit card versus overdraft debt
Brits running out of cash before pay day could be stacking up high interest by misjudging the way they use their credit cards and overdrafts as a backup, according to research from MoneySupermarket.com.