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Banking News Stories

New overdraft rules make it easier to avoid debt

New overdraft rules make it easier to avoid debt

05th February 2018 If your bank account dwindles to almost zero every month before payday, you’ll be happy to hear it’s now harder to stumble into the red. New rules have come into force that require banks to notify you when you’re getting close to going into debt. Read More...
93% current account switching satisfaction

93% current account switching satisfaction

24th January 2018 Today, the Current Account Switch Service published findings that show a 93% satisfaction rate among those who’ve switched their account in the last three years. Overall, 4.45m successful switches have taken place since the service launched in 2013. Read More...
New year, new bank account?

New year, new bank account?

17th January 2018 January may be the perfect time to make financial changes. To maximise what you get from everyday banking, you could consider changing your current account. Some ads have recently been boasting incentives for switching, but are these your best bet? Read More...
The Open Banking revolution is coming

The Open Banking revolution is coming

09th January 2018 This weekend, the Open Banking ‘revolution’ will kick off across the UK, with the biggest banks all committed to offering online systems that allow consumers to easily see all their money-related products in one place – if they opt in. Read More...
RBS and NatWest to close 259 branches

RBS and NatWest to close 259 branches

01st December 2017 RBS has announced that it’s closing a total of 259 branches across its network, following a review of how people use its banking services. The closures will result in around 680 redundancies. Read More...
6 of the best high interest current accounts

6 of the best high interest current accounts

16th January 2018 At one time, savings accounts were the only sensible place to put your hard-earned cash, but thanks to rising inflation, it's becoming increasingly difficult to secure a meaningful return. Read More...
Don’t waste your payday cash on overdraft charges

Don’t waste your payday cash on overdraft charges

01st December 2017 Today could well be the time when workers get paid their monthly salary, yet although some will be breathing a sigh of relief, those in their overdraft may find that they’re missing some of their cash as it becomes wasted on overdraft charges. Read More...
Current account switching competition heats up

Current account switching competition heats up

23rd October 2017 A few months ago, it looked as though competition in the current account market was beginning to wane. However, things are getting back on track, with cash incentives of up to £250 now readily available for those seeking a better bank account. Read More...
Four years and 4m current account switches

Four years and 4m current account switches

20th September 2017 The Current Account Switch Service is celebrating its fourth anniversary this week, and competition in the sector has been soaring ever since. Consumers the can now switch account in seven working days or less, and millions have taken the plunge. Read More...
Unarranged overdraft fees drop by just £1.43

Unarranged overdraft fees drop by just £1.43

19th September 2017 Unarranged overdraft fees have been in the spotlight recently, with the CMA heaping criticism onto such fees and the FCA calling for change. Yet despite this, the average unarranged overdraft fee has fallen by just £1.43 since the start of 2017. Read More...


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