Banking
The ‘big freeze’ leaves bank customers out in the cold
The ‘big freeze’ on bank charges introduced last month will result in almost one million claims, worth a staggering £713 million, being put on hold, according to research from uSwitch.com.
Cheque use halved in ten years
The number of cheques written by individuals has halved from 2.0 billion to 1.0 billion in the last ten years, according to a report by APACS, the UK payments association.
People in the dark on bank charges
Two thirds of the nation are currently unaware of how much they have to pay when going into the red on their current accounts, according to new research from MoneyExpert.com.
Nationwide merges with Portman
Nationwide Building Society has confirmed that from today, 28 August, it has successfully merged with Portman Building Society.
Royal Bank of Scotland first in UK with superfast way to pay
The RBS-sponsored AT&T Williams team made the first public contactless card payment in the UK using a RBS contactless debit card, roaring through the McDonald's drive-thru in Billingsgate in London to grab a Big Mac.
Online banking usage amongst over 55s up fourfold
In the past five years the greatest proportion of new internet banking users are in the over-55 age group, according to APACS, the UK payments association.
Average income in Kensington exceeds £100,000
The London Borough of Kensington and Chelsea has become the first area in the country to breakthrough the £100,000 barrier for average household income according to the latest wealth survey by Barclays Premier Banking, the personal banking service for affluent customers.
Britannia - Building a Fairer Society
Britannia Building Society is launching a £5million brand awareness campaign in a bid to grow its membership and show the public that not all financial service providers have their best interests at heart!
Abbey welcomes CC report on SME banking services
Abbey Business Banking today welcomes the Competition Commission’s decision to remove its recommendation of price control in its report on small and medium-sized enterprises (SME) banking services.
HSBC launches text message banking for businesses
HSBC is offering business customers the next generation of telephone banking with the launch of text message banking; enabling ‘on demand’, 24 hour secure access to account information including mini-statements and balance enquiries through their mobile phone.
HBOS welcomes CC decision to remove price controls
HBOS is pleased with the Competition Commission's (CC) decision to remove price controls as a key recommendation of its report on SME banking services.
OFT welcomes decision to lift price controls on SME banking
The Office of Fair Trading (OFT) welcomes the Competition Commission's provisional decision to lift price controls on the four main business banks in England and Wales.
Competition Commission lifts price controls on SME banks
The Competition Commission (CC) has today published its provisional decision to lift the temporary price controls imposed in 2003 on the UK’s four largest banks servicing small and medium-sized enterprises (SMEs).
One-in-ten adults would fail simple personal finance exam
As many as 4.7 million or one-in-ten British adults would score less than 40% in a simple personal finance examination, falling short of the equivalent to a GCSE grade C2 and failing to achieve an O’ Level pass, according to recent research by Abbey Current Accounts.
Brits ‘very concerned’ about debts
More than 2.48 million adults (7%) are very concerned about their ability to keep on top of their debts as recent interest rate rises start to hit home, new research from MoneyExpert.com reveals.