Current Accounts
Santander launches ‘recommend a friend' offer
Santander has launched a ‘recommend a friend' offer which rewards existing Santander current account customers with £25 if they recommend a friend to switch to a Santander Preferred, Zero, Reward or Premium current account.
Couples keep their money separate when moving in
Brits are treading warily with their finances when they decide to move in with a partner research from online bank first direct reveals. The findings show that for the majority, financial commitment is not on the agenda with couples keeping their distance in their money and property arrangements.
HSBC to offer text alerts to help stay within overdraft limits
HSBC has announced that from next month (June 2011) it will offer a text message alert facility to all its overdraft customers, giving a warning of when they near their borrowing limit.
£100 switching offer on Santander current accounts is back
Santander is bringing back its offer to give UK consumers the opportunity to switch their main current account to Santander and pocket £100 in the process.
CAF Bank launches MasterCard debit card
CAF Bank, the not-for-profit bank owned by the Charities Aid Foundation (CAF), today launches the CAF Bank MasterCard debit card for charities.
Switching current accounts
Andrew Hagger of Moneynet comments on the report issued today by the Independent Banking Commission.
Co-op launches current account offer for UNISON members
The Co-operative Bank and Britannia has launched a new current account offer for members of the public service trade union, UNISON. The current account is based on the bank's popular Current Account Plus and will be available for the union's 1.4 million members.
Lloyds TSB introduces changes to Vantage current account
Lloyds TSB is changing some of the tiered interest rates on the Vantage current account; these will come into effect on 27 June 2011.
Switch to Halifax Reward Current Account and pocket an extra £50
Customers looking to switch their current account to Halifax can now earn an extra £50 through the price comparison website moneysupermarket.com.
Mistrust and selfishness behind reluctance to open joint accounts
Being territorial over money, being secretive over purchases, and not trusting a partner with joint finances are common reasons why people in serious relationships will not open a joint current account with their partner, research from N&P (Norwich & Peterborough Building Society) has revealed.
Britannia scores with launch of football-linked current accounts
The Co-operative Bank and Britannia this week launched a duo of exclusive current accounts in partnership with Premier League football clubs.
moneysupermarket.com - new current account launches
Commenting on the launch of two new current accounts - the Preferred Current Account and Everyday Current Account from Santander, Kevin Mountford, head of banking at moneysupermarket.com said: "The move by Santander to offer a daily monetary cost rather than an interest rate offer on overdrafts is not surprising given Alliance & Leicester had the same overdraft structure.
Santander to launch two new current accounts
The Preferred Current Account will pay 5 per cent in-credit interest rate on balances up to £2,500, plus a free arranged overdraft for 12 months when customers switch their main account to Santander.
Santander to restructure overdraft charging
As previously announced in June 2010, Santander is to restructure its overdraft charges and is moving to a daily fee arrangement, aligning overdraft charges with the former Alliance & Leicester daily fee charging model.
£100 switching offer is back on Santander current accounts
Following high levels of customer demand Santander is bringing back its switching offer from January 2011 giving UK bank customers the opportunity to switch their main current account and pocket £100 in the process.