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Banking News Stories

Moneyfacts Star Ratings Personal Current Accts ‘19

19th September 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...

27% don’t know where their partner’s money is

12th July 2018 Many Brits don’t seem to be comfortable talking about finances with their significant other, as new data shows that 27% of those who are married or in a relationship have no idea who their partner banks, saves or invests with. Read More...

Mobile banking becoming the norm

21st May 2018 With increasingly regular reports of bank branches closing, it may seem like customers are being left in the lurch. However, around 60% of current account holders are forecast to be using mobile banking, which means branches may be less crucial. Read More...

Slight increase in current account switchers

30th April 2018 Whether it’s poor service or simply in search of a better deal, more people have switched their bank account in the last three months than in any quarter since 2016. Over 4.7 million have taken advantage of the switch guarantee since its inception. Read More...

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...


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