Banking News

Biggest bill payment network of any UK bank goes live

Alliance & Leicester Commercial Bank has announced that its extended bill payments network has gone live, with more than 450 bill payment customers choosing to take immediate advantage of what is the largest bill payment network of any UK bank.

Barclays support British Heart Foundation’s Help A Heart campaign

Barclays Wealth has announced that it will be ‘helping a heart’ this June by supporting the British Heart Foundation’s (BHF) month long campaign with a series of fundraising initiatives.

Co-operative Bank adds an extra hue of ‘Green’ to MySpace

The Co-operative Bank joined the wonderful world of ‘online social networking’ with the launch of its ‘green’ MySpace profile to celebrate the 15th Anniversary of its Ethical Policy.

Euro and Dollar Bloc currencies hit new highs

With the Pound Sterling strengthening to 15 year highs of US$2.00, Clerical Medical research highlights that a broad basket of currencies have also hit multi-year highs against the US dollar in the past fortnight, including the Euro, the Australian dollar and New Zealand dollar.

Barclays and AEGON UK form distribution partnership

AEGON and Barclays have announced a new distribution partnership, which will see selected AEGON products made available to Barclays customers through its national network of Financial Planners.

Know before you go – your money matters

Heading abroad to work can involve a lot of upheaval for you and your family, but you can make the transition as painless as possible by sorting out as many of your financial affairs in advance as you can.

Brits changing the way they acquire cash

Over the last ten years there has been a major shift in the pattern of cash acquisition in the UK, according to a report launched by APACS, the UK payments association.

Keep reclaiming bank charges

Which? is urging people to continue reclaiming unauthorised overdraft charges, despite a recent Court ruling in favour of Lloyds TSB at Birmingham County Court.

One week on and the base rate affect has barely started

Lisa Taylor, analyst at Moneyfacts.co.uk, comments: “The latest base rate rise was almost a foregone conclusion; the only uncertainty was whether the rise would be a half or quarter percent. With consumers already having to contend with a 0.75% increase in the last nine months, the 0.25% will definitely be easier to swallow.

Halifax achieves ATM milestone

Following HBOS' previous announcement of its commitment to provide 100 new fee-free ATMs in low income areas across Scotland and Northern England, 50 new Halifax and Bank of Scotland ATMs are now live and operational.

New EU Cash Declaration Rules

A new European Union (EU) law on travellers declaring cash comes into force in one month's time. It is being introduced to help combat money laundering.

uSwitch comments on Lloyds TSB’s court case victory

In response to the announcement yesterday that Lloyds TSB has won its first court case after being sued by a customer for imposing supposedly unfair overdraft penalty charges, Mike Naylor, Personal Finance Expert at independent price comparison and switching website uSwitch.com, comments: