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Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Banking News Stories

Co-op Bank up for sale

Updated: 13th February 2017 - First Published: 13th February 2017 The Co-op Bank has been put up for sale, but what does it mean for those who bank with it? If you’re a customer, you’re undoubtedly wondering how a future sale will impact you, so we take a closer look at the background, as well as what happens next. Read More...

Open banking revolution on the way

Updated: 03rd February 2017 - First Published: 03rd February 2017 The move to open banking is officially underway, which should hopefully make the banking sector a lot simpler (and hopefully cheaper) for consumers. But what do the changes mean, and how can you benefit? We take a closer look. Read More...

42% plan to change things up

Updated: 26th January 2017 - First Published: 26th January 2017 42% of survey participants are planning to take action in those areas where they are feeling less rewarded, which includes switching bank accounts and credit cards, and even changing jobs (8%) or partners (2%). Read More...

Over 3.5m have switched bank account

Updated: 25th January 2017 - First Published: 25th January 2017 The Current Account Switch Service is in full swing, and since its launch in September 2013, more than 3.5m people have taken the plunge and switched current account. Have you been one of them? If not, it may be time to consider your options! Read More...

Current account sweeteners that can turn sour

Updated: 24th January 2017 - First Published: 24th January 2017 Banks have been working hard to attract your business, with many offering fantastic perks for switchers. However, these perks are starting to dwindle, so if you failed to grab a top deal last year, you may find that some are being clawed back. Read More...

Debit card spending still leads the way

Updated: 18th January 2017 - First Published: 18th January 2017 Many of us turn to plastic at the tills these days, particularly as contactless technology makes it easier than ever before. It’s little wonder that card spending continues to ramp up – and it’s debit card spending that’s leading the way. Read More...

Current account switching to be made even easier

Updated: 17th January 2017 - First Published: 17th January 2017 It was announced today that the Current Account Switch Service (CASS) will be undergoing improvements that are to be implemented in a year’s time. This should help give more customers and businesses the confidence to switch to a better bank account. Read More...

A quarter of all card payments now contactless

Updated: 16th January 2017 - First Published: 16th January 2017 The rise of contactless payments shows no signs of stopping, with new milestones being hit on a seemingly monthly basis. Well, another one has arrived, with new data showing that a quarter of all card payments are now made via contactless means. Read More...

6 of the best high interest current accounts

Updated: 13th January 2017 - First Published: 12th January 2017 At one time, savings accounts were the only sensible place to put your hard-earned cash if you wanted a meaningful return, but unfortunately, that's no longer the case. Read More...

Contactless overtakes cash

Updated: 29th December 2016 - First Published: 29th December 2016 Last week we reported that contactless payments were on the rise, and this popularity could soar even further, with consumers displaying a clear preference for it – so much so that contactless has overtaken cash for low-value purchases. Read More...


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