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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

Bank switching incentives are back

14th January 2019 The start of a new year can herald a new beginning for people’s finances – and some consumers consider moving their current account in the process. Given that cash perks are returning to the banking sector, now could be a great time to do it! Read More...

High unarranged overdraft fees to be banned

18th December 2018 Banks will no longer be able to charge high fees for overdrafts under new plans announced by the financial regulator designed to make overdrafts simpler, fairer, and easier to manage. Read More...

What can you get from switching bank accounts?

25th October 2018 Latest figures show that current account customers are switching in their droves, which means providers have to work harder than ever to keep their loyal client base. But how many people are switching, and what can you get from doing so? Read More...

Six-month reduction in current account cash offers

24th October 2018 The latest data from Moneyfacts.co.uk has found that the current account market is becoming less rewarding, as many providers have chosen to cut their switching incentives and other cash rewards over the last six months. Read More...

Moneyfacts Star Ratings Personal Current Accts ‘19

01st October 2018 It’s once again time for the release of the yearly Moneyfacts Star Ratings for personal current accounts, showcasing those bank accounts that have proven themselves worthy. This could be a great place to start for those looking to switch accounts. Read More...

Technical problems affect banking confidence

07th August 2018 With some high-profile technical issues having dominated the banking news lately, it’s understandable that some consumers are feeling less confident in online banking. Indeed, 25% of customers say they’ve been affected by banking system failures. Read More...

10% of customers generate third of bank profits

28th June 2018 We’ve talked about the benefits of switching bank accounts many times before, but now data from the FCA shows just how much banks depend on you staying put; 10% of a bank’s customers are generating a third to half of all current account profits. Read More...

Unarranged overdraft fees being tackled

26th June 2018 Unarranged overdraft fees are increasingly being scrutinised, with the FCA announcing last month that it will be cracking down on high fees. Some banks seem to be taking note, as several providers have curbed their own fees over the last 12 months. Read More...

Cash in second place as cards flourish

20th June 2018 Results for 2017 show that Brits now officially love paying by card more than with cash, as consumers made 13.2bn debit card payments compared to 13.1bn cash payments. This means that cash is in second place for the first time ever. Read More...

Moneyfacts Awards winners 2018 announced

13th June 2018 Last night saw the presentation of this year’s Moneyfacts Awards, with hundreds of industry professionals from the UK’s leading financial institutions coming together to find out who got to take home one (or a few) of the coveted awards. Read More...


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